German property and infrastructure lender pbb Deutsche Pfandbriefbank has provided a €50m financing for the Centre Hospitalier Universitaire de Nice.

German property and infrastructure lender pbb Deutsche Pfandbriefbank has provided a €50m financing for the Centre Hospitalier Universitaire de Nice.

The loan will be used to finance part of the construction of the new Pasteur II Hospital. In 2013 and 2014, the new hospital will replace the existing Pasteur and St. Roch buildings, which are obsolete.

Located in the eastern part of Nice, the new hospital will have a 720 bed capacity; it is close to the university campus and an
established cancer care centre.

The Centre Hospitalier Universitaire de Nice is the second largest health facility in the Provence-Alpes-Côte d’Azur Region after the Public Assistance Hospitals of Marseille.