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Nordics open up for property deals

A new €250m fund - rising to €500m with leverage - managed by Northern Horizon will target care homes across the Nordics. The Nordic Aged Care fund is targeting triple net yields of 5-7% and has already raised €121m from cornerstone investors including Aviva. CEO, Michael Schönach also said regulation and culture was opening up the Danish care home market.

FREE BLOG Care home markets look good in the UK and Nordic

It is striking how overlooked Northern Europe is by the big French care home consolidators. The UK is much more attractive and a lot cheaper than Spain. And investors and operators should also be looking hard at the Nordic region.

New opportunities in real estate

The influx of capital into European healthcare estate, which has forced down yields to record lows, will find new inlets claimed panellists at the HBI 2016 conference. German hospitals will come on stream, predicts Frank Williams, from the Medical Properties Trust. But public healthcare in the UK is a mixed bag.

Look to real estate investors for capital

The longer time horizons of real estate investors mean they are more likely than private equity to fund healthcare services in the near future. BREXIT uncertainty is slowing the British market, but Julian Evans from Knight Frank estimates that $1bn of Asian money is looking to invest in the EU and Middle Eastern investors also like the sharia compliant sector.

Northwest REIT buys Berlin MOBs

The Canadian REIT, Northwest Healthcare Properties, purchased two medical office buildings (MOBs) in Berlin for €13.5m. The Mehrower Allee Complex will pay a 6.8% yield with an average lease expiry of four years.

Property investors fret over healthcare risks

Even as investors pour into this year’s sexiest asset class hunting attractive risk-adjusted yields, the backlash against healthcare property is beginning. “The operator risk in healthcare is so high that yields can’t fall much further,” Natalie Palladitcheff, executive vice-president and CFO of Ivanhoé Cambridge, told an audience at MIPIM, the world’s largest property conference. But operators insist the opposite is the case.

FREE BLOG Property, let the good times roll – for now

The annual MIPIM conference in Cannes provides an opportunity take the pulse of the real estate industry. Nowhere else will you find so many investors and sellers in one place, eying each other up over champagne, mussels and the gangway of 72ft, custom made superyachts – something has to make up for two-hour presentations about covenants! This year healthcare property was a core theme, and to the eyes of a MIPIM virgin, at least, the sector was abuzz.

Caretech and Alpha go shopping

London-listed UK disability care group Caretech Holdings has acquired Oakleaf Care, a Northampton-based 102-bed provider in acquired brain injury (ABI) for £20.3m. We talk to CFO Michael Hill about Caretech's partnership with real estate developers, Cambian's flop and the NHS's steps to consolidate the sector.

Healthcare real estate investors break barriers

The internationalisation of healthcare real estate is gathering pace, according to all the signs at MIPIM, the world’s largest property conference. Numerous investors told Healthcare Europa they were looking beyond their core markets. This follows recent foreign ventures by the healthcare REITs Aedifica, Cofinimmo, Primary Health Properties (PHP) and Medical Properties Trust (MPT). We look at why.

Filippino investor MPIC puts US$64m into hospitals

A week after announcing a 30% growth in revenues to US$29m for its hospital division, MPIC is setting aside US$64m to buy several hospitals in the Manila region. The group expects to buy two 200-bed hospitals this year and is in talks with three others.

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