USA (unsplash photo)
Medipower is reporting the signing of a letter of intent to purchase a shopping center in the state of Connecticut in the United States for $ 22.35 million. The shopping center is anchored in a supermarket, in accordance with the company’s strategy,9,310 Thousands of square meters.
According to the non-binding letter of intent, theWE The current value of the property purchased is approximately $ 1.55 million per year, the average lease is approximately 3.8 years, the total occupancy rate of the property is approximately 85% and the average rent per square meter is approximately $ 18.5 per month. Medipower’s share in the transaction is 80 %, Alongside a partner.
In addition, Medipower estimates that as long as a detailed agreement is signed and due diligence is completed to the Company’s satisfaction, then the transaction to purchase the property will be completed during the second quarter of 2022. Medipower’s management intends to finance at least 65% of the purchase price through a financial corporation loan.
More in-
In the third quarter of 2021, the Company completed two strategic transactions, the full impact of which will be reflected in the fourth quarter reports for the year. In this context, a significant transaction was completed for the company with the acquisition (80% holding of the company) of a portfolio that includes 5 open shopping centers, anchored in supermarkets, in the metropolitan area of Philadelphia, Pennsylvania, USA for approximately $ 114.2 million (approximately NIS 370 million). Of a commercial center in the state of Georgia in the USA in exchange for a total of approximately $ 18.6 million (approximately NIS 60 million).
It was further noted that Medipower continues to show consistent growth in its financial results. In the opinion of the company WE The representative year currently stands at about $ 25 million and theFFO The representing annual is about $ 12 million.
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