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
- 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.
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