Advising AXA Investment Managers-Real Assets in connection with the acquisition from GDP Vendôme of a portfolio of 8 nursing homes for dependent seniors (EHPAD) through an asset deal and seven leases with a purchase option for an amount of € 250M.
AXA Investment Managers – Real Assets (“AXA IM – Real Assets”), a global leader in real asset investments and the leading(1) real estate portfolio and asset manager in Europe, announces that it has completed, on behalf of its clients, the acquisition, via financial lease agreements, of a portfolio of care homes in Paris, France in a transaction that values the portfolio at c. €250 million.
The fully occupied portfolio, which was acquired from GDP VENDOME Group, comprises eight high quality and modern nursing homes totaling over 40,600 sqm and providing 815 care beds in aggregate, located in the first Parisian ring including Asnières, Maisons-Laffitte, St Cloud, and Sèvres. All eight properties are exclusively tenanted and operated by one of the largest private nursing home operators in Europe.