Pro Tip: Learn how to use HBI Alerts to follow your favorite topics

Property Investors

 

MPT and AXA scoop Policlinico di Monza

We hear that the American healthcare REIT Medical Properties Trust (MPT) is buying the real estate of the Italian hospital group Policlinico di Monza. The deal is for eight hospitals with an estimated value of €175m. The Italian daily Il Sore 24 Ore reports that a major French investor is purchasing the property, which is likely to be AXA REIM who is involved in a partnership with MPT.

MPT and AXA Italian joint venture underway

The US REIT Medical Properties Trust’s (MPT’s) Italian JV with the French asset manager AXA REIM is making good progress, says Hideki Kurata, head of alternative and special situations at AXA real estate. The deal is for several acute care hospitals and a freestanding clinic. Meanwhile, Spanish sources say that one of the largest hospital chains is considering a sale and leaseback deal.

Report: Healthcare Europa Property Survey 2015

There is intense investor interest in healthcare services property across Europe. Fund manager Marc Phillip Martins-Kuenzel, at German real estate investor Corpus Sireo claims that he had 400 approaches from prospective buyers in a single year. This reflects the global search for high yielding investments. But healthcare property also carries risks. Some sectors such as the French hospital market, where major deals have been done, look risky as the government cuts tariffs. And the sector remains opaque and poorly segmented. There are plenty of traps for the unwary. It is also far from clear how much new capacity will come on stream for investors over the next decade. Here we look at whether and when the boom will go bust. First, we run through the headlines and what has happened to prices. We then go on to look at supply and demand. Other articles profile the main US and European property investors and the main national markets.

Corpus Sireo launches €300m MOB fund

The German investment management group, Corpus Sireo, is launching a new fund targeting German medical office buildings (MOBs). Corpus Sireo claims to be “taking the initiative on institutionalising the sector”.

Norwegian private healthcare sector set to double in size by 2020

Although the regulation restricting private operators changed as far back as in 2000, private players have only started to play a role over the past two years. So why the sudden shift? Tom Tidemann, CEO of Unicare, says 11 years of socialist ‘red-green’ governments hindered the drive for a more commercial approach to healthcare. With a right-wing coalition in office, fair public-private competition can finally emerge.

ICADE buys Vedici’s hospitals

The French REIT ICADE Santé is to purchase 17 hospitals off the operator Vedici for €651m. This single deal equals the total spend on French healthcare real estate on 2014, says Stéphane Pichon, managing partner at Your Care Consult. We hear from an analyst the net yield is 6.4%.

Cofinimmo increases its German footprint

Belgian healthcare real estate investment trust Cofinimmo has tripled its investments in Germany with the purchase and leaseback of two high-end wellness and sport centres from the Aspria Group. We speak to Cofinimmo CEO, Jean-Edouard Carbonnelle about the deal.

Find Us