Icade’s Healthcare Property Investment Division1 acquired 100 percent of a Portuguese Real Estate Investment Fund owning a portfolio of four prime private hospital properties in Portugal for €213 million ($241 million).
Through this transaction, Icade’s Healthcare Property Investment Division makes its first investment in Portugal’s healthcare real estate market, one with solid fundamentals driven by favorable long- term demographic trends. As such, Icade Santé will be able to benefit from the ongoing consolidation of the country’s private hospital sector.
Ideally located in the city center, these four recently built, state-of-the-art facilities have a total floor area of 90,000 square meters (968,752 square feet) with more than 500 beds. Consistently performing well in international rankings, they cover a wide range of medical specialties and feature cutting-edge equipment. The assets in Porto and Lisbon are among the best healthcare facilities in Portugal.
