PARIS (Agefi-Dow Jones) – The real estate group Icade announced on Monday that its healthcare real estate company was continuing its growth momentum by making investments worth 163.5 million in Italy and France.
Icade Santé signed an agreement for the acquisition of seven retirement homes located in Northern Italy, for a total amount of 130 million euros, and completed the purchase of four accommodation establishments for dependent elderly people (Ehpad) with Korian in France, for an investment of 33.5 million euros.
“These acquisitions confirm the pursuit of international diversification and the growth of the Foncière Santé d’Icade portfolio in France; they are in line with Icade’s strategy, aimed at building a leading European real estate platform for health, “the group said in a statement.
-Dimitri Delmond, Agefi-Dow Jones; +33 (0)1 41 27 47 31; [email protected] ed: LBO
Agefi-Dow Jones The financial newswire
Dow Jones Newswires
December 21, 2020 02:03 ET (07:03 GMT)
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