ICADE (EPA:ICAD) - ICADE SANTÉ COMPLETES THE ACQUISITION OF 14 NURSING HOMES

Transparency directive : regulatory news

05/07/2018 18:00

PRESS RELEASE
Issy-les-Moulineaux, July 5, 2018

           ICADE SANTÉ COMPLETES THE ACQUISITION OF 14 NURSING HOMES

Following the preliminary agreement signed on March 27, 2018 and as part of
implementing its diversification strategy, Icade Santé made its first
investment in the nursing home segment through the acquisition of 14 healthcare
properties for EUR189 million from the Ackermans & van Haaren group.

Residalya-the tenth largest private nursing home operator  in  France,  with
34  facilities  and over 2,500 beds-will remain the operator of these 14
facilities, under 12-year leases with no break options.

The facilities are new or recent and total nearly 1,300 inpatient and
outpatient beds in Nouvelle-Aquitaine, Hauts-de-France, Auvergne-Rhône-Alpes
and Provence-Alpes-Côte d'Azur.

Through this transaction, Icade Santé has reinforced its position as the
leader in healthcare real estate, with a portfolio of close to EUR4.2 billion
(1) and annualised rental income of over EUR234 million (1).

(1) based on 31/12/2017 figures

ABOUT ICADE

Building for every future

As an investor and a developer, Icade is an integrated real estate player which
designs innovative real estate products and services adapted to new urban
lifestyles and habits. By placing corporate social responsibility and
innovation at the core of its strategy, Icade is closely involved with
stakeholders and users in the cities-local authorities and communities,
companies and employees, institutions and associations... As a commercial and
healthcare property investor (portfolio value of EUR10.8bn as of 12/31/17  on a
proportionate consolidation basis) and as a property developer (2017 economic
revenues of EUR1,209m), Icade has been able to reinvent the real estate
business and foster the emergence of tomorrow's greener, smarter and more
responsible cities. Icade is a significant player in the Greater Paris area and
major French cities. Icade is listed on Euronext Paris as a French Listed Real
Estate Investment Company (SIIC). Its leading shareholder is the Caisse des
dépôts Group.

The text of this press release is available on the Icade website:
www.icade.fr

CONTACTS

Guillaume Tessler,
Head of financial communication and investor relations
+33(0)1 41 57 71 61
guillaume.tessler@icade.fr

Charlotte Pajaud-Blanchard,
Press relations manager
+33(0)1 41 57 71 19

charlotte.pajaud-blanchard@icade.fr

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ICADE (EPA:ICAD) - ICADE SANTÉ COMPLETES THE ACQUISITION OF 14 NURSING HOMES

Transparency directive : regulatory news

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