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Sign in Sign up for a FREE subscriptionSwiss Life Asset Managers enters U.K. healthcare market
Swiss Life Asset Managers U.K., the U.K. arm of investor Swiss Life Asset Managers, acting on behalf of one of its Pan-European funds, has acquired Norfolk House, Weybridge, for £9.7 million (€11.27 million/$12.11 million).
The purchase represents the first of several planned investments on behalf of a Pan-European healthcare fund managed out of Paris. Swiss Life Asset Managers is supportive of investments in the healthcare sector owing to strong demographic demand drivers and limited suitable modern stock.
Norfolk House is leased to Care U.K. for a further 12 years and occupies a half-acre site in the town center close to high street amenities. The property was built in 1995 to hotel specification, providing 64 ensuite bedrooms, communal dining rooms and lounges, a garden, and hairdresser.
Weybridge scores highly from a thematic perspective in Swiss Life Asset Managers’ proprietary asset scoring model. With strong communication, consumer lifestyle and comm