AEW aannounced the acquisition of Clinique du Parc private health facility in Lyon from Primonial REIM France.
The asset was built in 2007 and totals over 15,000m2 spread across two buildings, plus 112 parking spaces in the basement. The clinic is operated by the ELSAN Group and is let on a 12-year lease which took effect in 2023. Clinique du Parc caters for 22,000 patients on average per year and the asset is host to five centres of excellence specialising in outpatient surgery, medical imaging and physiotherapy practice, including 18 operating rooms and 185 beds[3].
Located on Boulevard Stalingrad in the 6th district of Lyon, close to the Parc de la Tete d'Or, the clinic benefits from strong transport links, situated 500 metres from Charpennes metro and tram station and 2 km from the Lyon Part-Dieu railway station.
Jeremy Convert, Head of Investments France at AEW, commented: “The healthcare real estate market is supported by structural trends and can offer investors attractive long-term returns. We have identified the healthcare sub-sector as an area of growth for our business as we diversify the breadth of investments which we can offer our clients. The acquisition of Clinique du Parc, a leading healthcare facility in Lyon, is aligned with our investment strategy, which aims to select high-quality assets in the health sector, operated by recognised players in the main French and European cities. Through this transaction, our clients are also investing in health infrastructure which is developing innovative technologies in France.”
AEW was advised by Adama Conseil & Transactions, Baum Notaires, Gide Loyrette Nouel, and Artelia.
Europe Real Estate — an overview of real estate developments in European countries.
Image provided by FTI Consulting.
Photo credit: ©Primonial REIM France (Michel Djaoui).
