Marseille-Kliniken Web Site - June 29, 2007
Marseille-Kliniken AG successfully closed a third substantial sale-and-lease-back transaction with real estate investor Grosvenor House Group PLC, Great Britain. To this end, Marseille-Kliniken AG will sell a total of six properties - three care facilities and three rehabilitation properties, totalling 1,304 beds to the British investor by way of a sale-and-lease-back transaction and will simultaneously lease all properties back from the company in the long term.
The transaction with a total volume of EUR 95.5 million provides the enterprise with expanded financial flexibility to realize its growth strategy in core segment care. After the implementation of the transaction, the real estate portfolio of the Marseille-Kliniken AG will be divided into approximately 20% owned and 80% leased facilities. The transaction will further reduce the long term financial debts of the enterprise.
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