Transactions - JUNE 13, 2018

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

AXA Investment Managers completes €250m acquisition of Paris care homes portfolio

by Andrea Zander

AXA Investment Managers – Real Assets has completed, on behalf of its clients, the acquisition, via financial lease agreements, of a portfolio of care homes in Paris in a transaction that values the portfolio at  €250 million ($294 million).

The fully occupied portfolio, which was acquired from GDP VENDOME Group, comprises eight high-quality and modern nursing homes totaling more than 437,000 square feet and providing 815 care beds in aggregate, located in the first Parisian ring including Asnières, Maisons-Laffitte, St Cloud and Sèvres. All eight properties are exclusively tenanted and operated by one of the largest private nursing home operators in Europe.

This transaction extends AXA IM – Real Assets’ managed healthcare portfolio into the French senior housing sector and brings it to more than €1 billion ($1.2 billion) of assets across Europe following investment acquisitions on behalf of clients in Germany, Italy, Finland, Spain and in the United Ki

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy