On April 3, 2013, Gecimed, Gecina’s subsidiary dedicated to healthcare real estate, finalized the sale to a healthcare fund OPCI managed by BNP Paribas REIM France of a portfolio consisting of four clinics operated by Générale de Santé, including three short-stay acute care facilities and one psychiatric facility. These assets total more than 720 beds and places with an area of 53 800 m². This transaction represents an amount of €80M (including taxes).
Gecimed initiated its policy of rotating its assets while reducing its exposure to
short-stay medicine, surgery and obstetrics (MSO).
Through this transaction, Gecimed signed one of the first sales of acute care real estate between two major real estate investors, thus confirming the liquidity of healthcare real estate assets in a secondary market that is getting structured.
In this transaction, Gecimed was advised by financial advisor Your Care Consult, law firms Fairway and De Pardieu, Brocas Maffei, and notary Wargny and Katz. BNP Paribas REIM France was advised by notary Jean Marc Alexandre and associates.