Healthcare property specialist Gecimed has moved into the elderly care home sector with the purchase of a portfolio of three facilities from Medica France. One of the homes is close to Paris, while the other two are in the southwest of France. Together, the properties comprise 280 beds in a surface area of about 13,000 m[sup]2[/sup]. In view of an aging French population, Gecimed says the investment represents an opportunity for strong growth in its portfolio. The financial details of the transaction were not disclosed.
Healthcare property specialist Gecimed has moved into the elderly care home sector with the purchase of a portfolio of three facilities from Medica France. One of the homes is close to Paris, while the other two are in the southwest of France. Together, the properties comprise 280 beds in a surface area of about 13,000 m2. In view of an aging French population, Gecimed says the investment represents an opportunity for strong growth in its portfolio. The financial details of the transaction were not disclosed.
Listed healthcare real estate investor Gecimed traded under the Sofco name until March this year. The French real estate investment trust Gecina, still has a 38% stake in the company. Gecina has ploughed more than EUR 1 bn into logistics and healthcare property over the last year as part of its strategic diversification.
