Global real estate investment manager AEW has bought the Clinique du Parc private health facility in Lyon, France.
The seller of Clinique du Parc, which totals over 15,000 square meters spread across two buildings, is Primonial REIM.
Clinique du Parc, on Boulevard Stalingrad in the 6th district, hosts five centres of excellence specialising in outpatient surgery, medical imaging and also physiotherapy practice. It has 16 operating rooms and also 185 beds and is operated by the ELSAN Group, the second-largest private healthcare operator in France.
Jeremy Convert, Head of Investments France at AEW, says, “The healthcare real estate market is supported by structural trends and can offer investors attractive long-term returns. We have identified the healthcare sub-sector as an area of growth for our business as we diversify the breadth of investments which we can offer our clients. This acquisition is aligned with our investment strategy, which aims to select high-quality assets in the health sector, operated by recognised players in the main French and European cities. Through this transaction, our clients are also investing in health infrastructure which is developing innovative technologies in France.”
The acquisition of Clinique du Parc aligns with AEW’s strategy to increase its exposure to high-quality assets in the healthcare sector, providing the opportunity to invest in a field experiencing sustained growth.
AEW was advised by Adama Conseil & Transactions, Baum Notaires, Gide Loyrette Nouel, and also Artelia. Clearwater International advised Primonial REIM on the sale.
The photo is credit of Primonial REIM.
