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Sign in Sign up for a FREE subscriptionEQT Infrastructure sells 20 senior care facility portfolio to Primonial REIM
Swiss EQT Infrastructure has sold a portfolio of 20 senior care facilities in Germany to Primonial REIM, a Parisian financial institution, on behalf of SCPI PRIMOVIE, with the Charleston group.
Terms of the transaction were not disclosed.
The assets are located across six German states and include 1,830 beds, 38 adult day care slots, and 48 apartments over a total surface area of 120,000 square meters (1.3 million square feet).
The establishments will be fully let to Charleston, a German senior care and assistance services provider, for 25 years.
The transaction comes on the heels of a sale between EQT Infrastructure and KOS, which will sign over Charleston’s 47 medicated senior care homes to KOS.
