realestate

Emeis Discloses €251M in Disposals of Real Estate and Operating Assets Since October

emeis (Paris:EMEIS) Completes Disposal of Real Estate and Operating Assets

e
meis has completed or secured nearly €900 million in disposals since mid-2022, bringing its total disposal volume closer to its ambitious target of €1.5 billion by 2025. The company has sold activities in Chile and the Czech Republic for a combined €171 million, marking its exit from non-strategic markets. This includes the sale of its entire stake in Rentas Senior Suites S.A., a Chilean company with nearly 800 beds and five facilities, to local partner Cimenta.

    emeis has also finalized or secured real estate disposals worth almost €80 million in Germany, Spain, Portugal, Belgium, the Netherlands, and Ireland. These transactions involve nine assets and four plots of land, representing a capitalization rate of around 5.5% on leased scope. The company has partnered with real estate funds dedicated to healthcare real estate for these deals.

    These disposals will help reduce emeis' debt and strengthen its balance sheet structure. With the sale of activities in Chile and the Czech Republic, the company is withdrawing from a geographical area representing almost 1.8% of its EBITDAR expected in 2024. The transactions are subject to usual conditions precedent and are expected to be completed in the coming months.

Emeis reveals €251M real estate and asset disposals since October.