BNP Paribas REIM has launched the “Healthcare Property Fund Europe” (HPF Europe) in H1 2020 with initial equity commitments close to €200m. The current group of investors consists of pension funds & insurance companies from France, Germany & Italy and new investors are already expected to join at latter closings in Q3 & Q4 2020. The fund focuses on healthcare properties across all segments (short, medium & long stay) in the key Eurozone countries. HPF Europe expects to reach in the next couple of years a gross asset value in excess of €1bn with a unique exposure to nursing homes, clinics & rehab facilities.
“BNP Paribas REIM is clearly recognized as a trusted partner in the healthcare sector. HPF Europe is another example of our ability to build resilient & focused investment strategies based on mega-trends across Europe. Strong demographics & ageing population are supporting this asset class which is becoming increasingly significant in the allocation of institutional investors”, commented Henri Romnicianu, Head of Institutional Sales.
“HPF Europe is well-positioned to capture the growth of the European Healthcare market and will leverage on the past track-record & existing €650m healthcare portfolio managed by BNP Paribas REIM teams”, commented Paul Darribère, Fund Advisor of HPF Europe.
