Clearwater International advises Primonial REIM on its second acquisition of a diversified healthcare estate
Primonial REIM, real estate fund manager, announces the acquisition of a portfolio of 68 healthcare assets in Germany. This is the second transaction that Clearwater International has advised Primonial REIM on, following the €1.35bn acquisition of Gecimed, healthcare portfolio of Gecina, in August.
The portfolio includes 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.