Medical Properties Trust has entered into agreements with Primonial Group to form a joint venture pursuant to which a fund managed by Primonial Group will acquire a 50 percent interest in an MPT portfolio of 71 post-acute hospitals throughout Germany.
“This transaction will validate MPT’s pioneering entry into European hospital real estate,” said Edward Aldag Jr., chairman, president and CEO of Medical Properties Trust.
The transaction values the portfolio at approximately €1.635 billion ($1.93 billion).
“Investor interest in this joint venture opportunity was strong and came from funds based in Asia, Europe, Canada and the United States,” continued Aldag.
“The attraction was not only the chance for exposure to the attractive healthcare sector in Germany, but equally the opportunity to partner with the world’s leading specialist in hospital real estate. Primonial Group, one of Europe’s real estate leaders, has now committed to a long-ter
