Gecina's healthcare real estate unit, Gecimed, has acquired the Grand Pré clinic from French nursing home group Orpea for about EUR 11mln. The facility is located within a five-hectare park in the Clermont-Ferrand urban area of central France. The psychiatric clinic, focusing on care for the elderly and patients with Alzheimer's, has capacity for 144 beds and over 7,500 m[sup]2[/sup] of space. The property is leased on a 12-year term to Orpea.
Gecina's healthcare real estate unit, Gecimed, has acquired the Grand Pré clinic from French nursing home group Orpea for about EUR 11mln. The facility is located within a five-hectare park in the Clermont-Ferrand urban area of central France. The psychiatric clinic, focusing on care for the elderly and patients with Alzheimer's, has capacity for 144 beds and over 7,500 m2 of space. The property is leased on a 12-year term to Orpea.
Gecimed was advised on this transaction by Ariane Santé Social and Etude Théret, Leroy, Brandon, Rebérat, Ladegaillerie. The transaction follows the purchase of the Plancoët clinic by Gecimed from Orpea in December 2006.
Last month, Orpea unveiled plans to outsource part of its EUR 1.2bn real estate portfolio in the second half of 2008. The company said it is considering different options, including the sale-and-leaseback of some of its development assets to one or more investors, and the direct sale of a number of properties. Orpea's portfolio comprises 103 buildings, of which 41 are partially owned, located in or near large towns in France.
