By Richard Hook2018-09-05T10:01:00
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.
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