Gecimed sells four clinics for nearly €80 million, launching its asset rotation policy (FR)

On April 3, 2013, Gecimed, Gecina’s dedicated healthcare real estate subsidiary, finalized the sale of a portfolio of four clinics operated by Générale de Santé, including three short-stay facilities and a psychiatric unit, to a healthcare real estate UCI managed by BNP Paribas REIM France.

These assets represent a combined total of over 720 beds and spaces and 53,800 m² This transaction amounts to €80 million (including duties). In this way, Gecimed is launching its asset rotation policy, while reducing its exposure to short-stay facilities, specialized in medicine, surgery and obstetrics (MSO).

With this transaction, Gecimed has completed one of the first clinic sales between two major real estate operators, confirming the liquidity of healthcare assets in a secondary market that is becoming structured.

On this operation, Gecimed was advised by the law firms Fairway and De Pardieu Brocas Maffei, the notary's office Wargny et Katz and the investment consultancy Your Care Consult, while BNP Paribas REIM France was advised by the notary's office Jean Marc Alexandre et associés.

Source: Gecina

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