Weinberg Capital has finalised the acquisition of two clinics in France for its newly-created hospitality OPCI vehicle, Capital Pierre Santé Retraite. The properties were acquired for an undisclosed amount from local health care operator Almaviva Santé.

Weinberg Capital has finalised the acquisition of two clinics in France for its newly-created hospitality OPCI vehicle, Capital Pierre Santé Retraite. The properties were acquired for an undisclosed amount from local health care operator Almaviva Santé.

Weinberg Capital has bought the Juge clinic in Marseille offering a total of 113 beds. In Vitrolles, the OPCI fund has acquired the Etang de Berre property, with capacity for 64 beds. The properties will continue to be operated by Almaviva Santé with a 12-year rental agreement.

HSBC financed the transaction, while Jones Lang Lasalle advised the buyer on the real estate side. The seller was advised by Massena Investors and law firms De Pardieu Brocas Maffei, Bouchony Lefaure.

The acquisitions represent the first investment for Weinberg Capital's fund after the company was granted the permit to manage OPCI vehicles and raised funding for new investment last month.

In March, Weinberg Capital raised a total of EUR 85 mln from a number of local and international institutional investors for new acquisitions in the office, retail and hospitality sectors. With leverage, the fundraising gives the company a warchest of EUR 250 mln, it said.