Europe: Icade buys healthcare facilities from Orpea for €145m

French property group Icade has signed preliminary agreements with care group Orpea to acquire a real-estate portfolio of nine nursing homes, including eight in Germany and one in Marseilles, France, for €145m (US$168m). The acquisition is part of a sale-and-leaseback transaction and Orpea will lease and continue to operate the sites. The portfolio, comprising 906…

You must be a HMI Subscriber to view this content. Please log in or subscribe below.

Subscribe Now »