ICADE ACQUIRES 9 HEALTHCARE FACILITIES IN GERMANY AND FRANCE FROM ORPEA FOR (EURO)145M; Icade1 signed preliminary agreements with ORPEA to acquire a real-estate portfolio of nine nursing homes, including eight in Germany and one in France, for a total of
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The acquisition of the real-estate portfolio-composed of eight nursing homes in Germany and one in Marseille, France- is part of a sale-and-leaseback transaction between Icade and ORPEA (Paris:ORP), the world leader in long-term care.
ORPEA, which developed most of these facilities, will lease and continue to...