Fairway advised Primonial REIM France on the real estate, corporate and financing aspects of the acquisition of 8 healthcare facilities, clinics and homes for the dependent elderly, from BNP Paribas REIM on behalf of its SCPI Primovie. This acquisition follows the purchase of the first 4 assets at the end of October. The portfolio consists of assets with diversified activities: MCO clinics, SSR and psychiatric clinics, and EHPAD. The 12 establishments have a total surface area of just over 78,600m² and represent a capacity of more than 1,340 beds and places. The various establishments are located in the following French regions Auvergne-Rhône-Alpes (3), Centre-Val de Loire (1), Hauts-de-France (1), Ile-de-France (2), Normandy (1), Occitania (2) and Provence-Alpes-Côte-d’Azur (2).

The assets are fully leased, under long-term fixed leases, to two leading tenants in Europe and renowned in the healthcare market: Korian and Ramsay Santé.

Grégory Frapet, Chairman of the Management Board of Primonial REIM France, said in the presse release : “Healthcare real estate will be at the heart of our strategy for 2023 and this major acquisition fits perfectly with our roadmap. It allows Primonial REIM to further consolidate its partnership relationships with healthcare operators. Our ambition is to finance quality real estate infrastructures in France and Europe and thus consolidate our status as a leading European platform for healthcare real estate.