Primonial Group has begun marketing ESI, a Pan-European real estate fund dedicated to social infrastructure and healthcare real estate. The fund will also focus on educational facilities and affordable housing.
ESI fund is an open-ended investment fund managed and marketed by Primonial Luxembourg with support from the firm’s various real estate asset management companies, including Primonial REIM in France and AviaRent in Germany.
ESI is seeking to raise €1 billion ($1.1 billion) by 2022, according to a statement by Primonial Group. ESI caters to both local and international institutional investors and has already invested approximately €450 million ($504 millon) in healthcare assets, such as clinics and retirement homes.
Primonial Group said the COVID-19 crisis has emphasised the shortage of social infrastructure in European countries, and many governments have already announced that healthcare and social infrastructure will be major components of their f
