Medical Properties Trust (MPT) has sold a 50% stake in its MEDIAN Kliniken portfolio in Germany for €800m (£721m) to French investor Primonial REIM in the largest healthcare real estate transaction in Europe this year.
Primonial closed on a deal to acquire 50% ownership of the 71 clinic portfolio at a net initial yield of 6%, valuing the overall MPT platform at €1.64bn. The portfolio is made up entirely of private rehab clinics (Rehabilitationskliniken) let to MEDIAN Kliniken on long leases and comprising 13,200 beds across various cities in Germany.
You must be logged in to view premium stories.
Take out a print and online or online only subscription and you will get immediate access to:
To get access to premium content subscribe today
Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts