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Transactions - APRIL 12, 2019

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Icade Santé pays €191m for 12 healthcare assets in France

by Andrea Zander

Icade Santé, the healthcare unit of the French REIT/SIIC Icade group, has paid €191 million ($216 million) for 12 medium- and long-term care assets in France.

The seller was Swiss Life Asset Managers France.

The portfolio comprises seven nursing homes, four post-acute care facilities and one psychiatric hospital, located in Normandy and the Provence-Alpes-Côte d’Azur region. It totals 1,320 beds with total unit space at 70,100 square meters (755,000 square feet)france

 

The facilities are currently managed by an OPPCI fund managed by SLAM France.

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