Icade’s healthcare arm Icade Santé has announced the acquisition of the Navarre clinic in Pau, southwestern France, for €35 mln.
The asset will be operated by Groupe Bordeaux Nord Aquitaine (GBNA) on a new 12-year lease.
Built in 2003, the Navarre polyclinic was recently renovated and expanded. It features innovative medical equipment including 20 operating suites and an outpatient unit reconfigured to improve surgical and obstetric care.
Icade said that the acquisition marks the start of a long-term partnership between Icade Santé and GBNA, a major healthcare provider. ‘It is fully in line with the Company’s growth strategy in terms of its healthcare property investments,’ Icade added.
