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Healthcare and education property
Primonial REIM is Europe’s leading healthcare property asset manager.
The demand for hospital treatment is subject to constant growth in the West, the same also applies to care homes for the aged. Statistics show that the population of over 65s in Europe will double by 2050. Healthcare property must respond to a very high demand from governments, especially regarding care services associated with the major social issue of aged people when they begin to lose their independence. We have forecast a very significant increase in the demand for healthcare property by 2025.
Investment strategy
Primonial REIM France has been a pioneer in healthcare property investment.
They started to diversify into this asset class in 2012 and then enacted a strategic switch over in 2016 with two major operations:
- Gecimed: the share deal acquisition of a portfolio including 66 French healthcare establishments (EHPAD - retirement homes, MCO and SSR clinics) for a total of €1.24 Billion, for a property investment return on acquisition of 5.9%;
- Panacea: the share deal acquisition of a portfolio including 68 German healthcare establishments for a total of €990 Million, for a property investment return on acquisition of 6%
Primonial REIM France is currently the leading European company in healthcare real-estate with more than €6 billion in managed assets in France, Germany, Italy, Spain and Ireland.
We have based our investment strategy around 3 main principles:
- Global: we work with all of the property asset classes in healthcare (long, medium and short stay) and education (kindergarten, schools, etc.) throughout the Euro Zone;
- Development: we also position ourselves on new (brownfield or greenfield) asset development operations, such that they can guarantee a recurring investment pipeline and modernise portfolios at the same time
- Partnership: we are developing long-term partnerships with national and international operators in order to support them in their development in this high consolidation M&A market;
They started to diversify into this asset class in 2012 and then enacted a strategic switch over in 2016 with two major operations:
- Gecimed: the share deal acquisition of a portfolio including 66 French healthcare establishments (EHPAD - retirement homes, MCO and SSR clinics) for a total of €1.24 Billion, for a property investment return on acquisition of 5.9%;
- Panacea: the share deal acquisition of a portfolio including 68 German healthcare establishments for a total of €990 Million, for a property investment return on acquisition of 6%
Primonial REIM France is currently the leading European company in healthcare real-estate with more than €6 billion in managed assets in France, Germany, Italy, Spain and Ireland.
We have based our investment strategy around 3 main principles:
- Global: we work with all of the property asset classes in healthcare (long, medium and short stay) and education (kindergarten, schools, etc.) throughout the Euro Zone;
- Development: we also position ourselves on new (brownfield or greenfield) asset development operations, such that they can guarantee a recurring investment pipeline and modernise portfolios at the same time
- Partnership: we are developing long-term partnerships with national and international operators in order to support them in their development in this high consolidation M&A market;

The team
An internal management team dedicated to the acquisition and asset management of healthcare and education assets under the management of Yann BALAY.


10 years of experience
Investments team: 4 people


11 years of experience
Asset management team: 5 people

Our publications

- Thematic study
Real Estate and lifecycle : the senior housing and nursing home market
The ageing of the population will therefore result in more dependent elderly persons. The loss of autonomy requires assistance or long-term care, particularly for those persons older than 80. This will inevitably expand demand for senior housing and nursing home.

- Overview
#Weekly Covid-19 : Healthcare real estate facing the pandemic... and the world after
Week march 30 to april 3 2020. After attempting to map out the impacts of Covid-19 by eurozone country, Daniel While is doing the same for healthcare real estate, at the forefront during this pandemic.

- Thematic study
Infographie : Habiter le 4e âge au XXIe siècle en Europe
Pour bien comprendre le marché de la santé, Primonial REIM a réalisé une étude intitulée « Habiter le 4e âge au 21e siècle » réalisée avec BVA Opinion. Résumé de cette étude en infographie.