Primonial REIM, a real estate fund manager, announces the acquisition of a diversified portfolio of healthcare assets in Germany.
Clearwater International has advised Primonial REIM in the strategic and financial analysis of the portfolio, raising the equity and debt, the organisation of due diligences and the negotiations with the sellers.
In this transaction, Primonial REIM acted for a “club deal” gathering several institutional investors.
The portfolio includes 68 nursing homes, assisted living, hybrid facilities and rehabilitation centers spread over the entire German territory, with a total of 8,600 beds.
Primonial REIM is one of the major real estate investors on the French market with approximately € 2bn invested in 2015. This deal takes its property assets to more than € 10bn, including € 3bn in healthcare property assets.
Clearwater International advised Primonial REIM on the acquisition, led by Partner Laurent Camilli and supported by Director Julie Duvillier-Raoul.
With this additional transaction, Clearwater International reaffirms its expertise in the healthcare real estate sector.