Orpea - comment

Orpea continue their strategy to reduce asset ownership to a target level of 20-25% of operated assets in the medium term.  Orpea entered into a new sale and leaseback agreement, worth €85m, for 22 facilities which are under development and due for completion in 2023-2025 period.  This isn’t a meaningful transaction in the overall context of Orpea but adds to the €83m of property sales already announced in July.