AXA IM acquires €250m care home portfolio


AXA IM - Real Assets has acquired a portfolio of care homes in Paris, France, via financial lease agreements in a deal worth €250m (£219m).

The fully occupied portfolio, which was acquired from GDP VENDOME Group, comprises eight modern nursing homes totaling over 437,000 sq ft and 815 care beds. The eight homes are located in Parisian suburbs including Asnières, Maisons-Laffitte, St Cloud, and Sèvres. All eight properties are exclusively tenanted and operated by one of the largest private nursing home operators in Europe.

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