Clearwater International advises Primonial REIM on its acquisition of a portfolio of 68 healthcare assets in Germany

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.

“We are thrilled to have advised Primonial REIM on this multifaceted cross border deal. This acquisition gives them the opportunity to further increase their mark on the European healthcare real estate market. We wish them the best of luck in the progression and future development of their German assets.”

Laurent Camilli, Partner, Clearwater International