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Healthcare RE

France

Cofinimmo launched its activities in healthcare real estate in France in 2008 through the acquisition of 100% of the shares of a limited company incorporated in France. This transaction resulted in the creation of the group’s French branch and the addition of 32 nursing and care homes to its healthcare portfolio. Since then, the French portfolio keeps growing. It now mainly consists of nursing and care homes, rehabilitation and psychiatric clinics.

Portfolio fair value

494 million EUR

Occupancy rate

99.5%

Average residual lease length

3 years

Number of beds

4,250

Project in the spotlight

THE AFTERCARE AND REHABILITATION CLINIC ‘MARGUERITE BOURCICAUT’ IN CHALON-SUR-SAÔNE

In 2018, Cofinimmo acquired the shell of an aftercare and rehabilitation clinic still under construction and owned by the French Red Cross. The facility, whose construction was completed in 2019, is located in a Joint Development Zone that already houses a hospital, a nuclear medicine centre and a medical centre. It offers a capacity of approximately 130 beds, spread over a surface area of approximately 9,300 m², and includes neurology, pulmonary medicine, cardiology and neuro-vegetative care units.

The building was granted an HQE certification, a French BREEAM-like certification, as well as ‘Green Building Passport’ Excellent certification. These labels attest to the highly sustainable character of the building and the attention paid to user comfort.