Real estate investment and asset manager AEW has acquired Clinique du Parc, a private health facility in Lyon, France, from Primonial REIM France.
The asset was built in 2007 and totals over 15,000 m2 spread across two buildings, plus 112 parking spaces in the basement.
The clinic is operated by the Elsan Group, which operates in the private hospital sector in France with 140 clinics nationally. The asset is let on a 12-year lease as of 2023.
Jérémy 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.'
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 a physiotherapy practice, including 18 operating rooms and 185 beds.
Located on Boulevard Stalingrad in the 6th district of Lyon, close to the Parc de la Tête 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.
