Transactions - MAY 13, 2022

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Principal® acquires long-lease healthcare property in Valencia, Spain

by Released

Principal Global Investors, through its real estate investment team, Principal Real Estate, has acquired a healthcare facility in Valencia, Spain, for the Principal Eurozone Durable Income Fund (PEDIF).

The 3,171-square-meter (34,132-square-foot) facility is fully leased to Sanitas, a subsidiary of the BUPA healthcare group, on a long-term, index-linked lease.

Located in central Valencia, the newly constructed medical center provides a full range of services to the local catchment area, ranging from general medicine to pediatrics, gynecology, and other specialty areas, including allergology and urology.

“The Sanitas Centro Médico complements the broader PEDIF portfolio, providing exposure to the attractive healthcare sector through a long-term, index-linked lease to one of the world’s leading healthcare providers. Viewed against the current economic backdrop of high inflation and rising interest rates, this is exactly the type of asset we’re looking to in

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