Healthcare Activos has strengthened its position in Europe with the signing of two binding agreements to acquire unique assets in France. Closing of the transactions is not subject to substantial conditions and shall be executed before the end of 2024. These investments are Healthcare Activos' first transactions in France and build on its recent market entry into Ireland.
The first acquisition is a landmark asset in Paris VIIIème arrondissement from a Société Civile de Placement Immobilier (SCPI) managed by Groupe La Française. The landmark asset is located near Parc Monceau in Paris and is currently under a long-term lease with Clariane, the second largest elderly care operator in Europe. With a total area of 4,628 m² and 98 beds, the asset's unique location will offer predictable and sustainable rent, fulfilling Healthcare Activos long-term fundamentals.
The second acquisition is the sale & lease back of a unique asset in Bordeaux with a strong track record in operating and financial performance owned by Colisée, one of the leading operators in Europe. With 4,072 m2 and 89 beds, the home will continue to be managed by Colisée in a new long-term lease in line with Healthcare Activos strategy.
Healthcare Activos’ investments in Ireland and France are being funded by Healthcare Activos Yield 2, a new investment vehicle created in partnership with a global consortium of institutional investors with a focus on expanding the company's presence in key European markets including Germany, France, Belgium, Spain, Ireland, Italy and Portugal. The Healthcare Activos Yield 2 consortium was formed by Mubadala Investment Company, the Abu Dhabi sovereign investor, and other global institutional investors managed by CBRE Investment Management’s Indirect Strategy.
Healthcare Activos Yield 2, the fourth investment vehicle established by Healthcare Activos since it was founded in 2016, will employ the same long-term, operator-driven business model utilized by its previous healthcare real estate platforms, with more than €650 million available for investment in European markets in the coming years.
Through the new investment vehicle, Healthcare Activos is reinforcing its commitment to supporting healthcare operators across Europe to deliver on their expansion plans through partnerships focused on real estate infrastructure. Healthcare Activos’ investments prioritize long-term ESG impact by developing, improving, and modernizing healthcare real estate facilities that support positive development of communities across Europe.
Healthcare Activos is the leading European Healthcare real estate platform (including hospitals, clinics and nursing homes). Since its creation in 2016, the firm has acquired and developed c. 70 assets valued in excess of 1,000 million euros and totaling more than 475,000m2 across Europe.
The platform is based on long-term business fundamentals: selected high-quality assets, rented to the main European operators with long-term triple net contracts and fixed leases indexed to inflation. Healthcare Activos offers a full range of investment options, from the development of new buildings to the acquisition of operational and stabilized properties.
www.healthcareactivos.com
CBRE Investment Management is a leading global real assets investment management firm with $142.5 billion in assets under management as of June 30, 2024, operating in more than 30 offices and 20 countries around the world. Through its investor-operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, people and communities thrive. CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world’s largest commercial real estate services and investment firm (based on 2023 revenue). The company has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE’s data and market insights, investment sourcing and other resources for the benefit of its clients www.cbreim.com
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