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Investors - JANUARY 6, 2022

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Korian and BAE Systems Pension Funds establish long-term real estate partnership

by Kali Persall

Korian, a European care services group for seniors, has signed a long-term investment partnership with funds from BAE Systems Pension Funds.

BAE Systems Pension Funds invest in real estate, infrastructure, alternative and other private markets assets globally, in addition to listed equities and fixed income. The group invested some €100 million ($113 million) of equity into a real estate portfolio of 23 long-term care and healthcare assets, including nursing homes, post-acute and mental healthcare clinics across France, Germany and Spain.

The partnership includes one greenfield site and four assets, which are being redeveloped, and the portfolio has a net equity value of around €200 million ($226 million).

Under the partnership, Korian will serve as asset and property manager.

Korian’s real estate strategy has multiplied by more than three times the value of its real estate portfolio since it launched in 2016, to €2.9 billion ($3.3 billion) as of

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