Europe: Icade grows nursing home portfolio in Italy and France

Saint Saturnin du Bois, France

French property group Icade, has acquired a portfolio of nursing home properties located in Northern Italy and in France for €163m (US$197.8m). The facilities in Italy have been acquired from Lagune International, a fund controlled and managed by Batipart, for €130m (US$157.8m). They are are fully let or pre-let on leases for an initial term…

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