Icade’s Healthcare Property Investment Division has agreed to acquire a portfolio of four private hospitals in Italy for a total of €85m mln duties as part of a sale-and-leaseback transaction with Gruppo Villa Maria, one of the main private hospital operators in Italy.
The four facilities, highly specialised in cardiology and orthopaedic surgery among other areas, are located in the Italian regions of Liguria, Emilia-Romagna, Tuscany and Puglia.
Totalling 262 beds and a floor area of over 18,500 m2, they will be operated by Gruppo Villa Maria under 27-year leases with no break option.
This acquisition will enable the Healthcare Property Investment Division to branch into the private hospital segment in Italy in addition to the nursing home asset class in which it has been present since 2018. This diversification is fully in line with the group’s strategic goal of becoming the leading platform dedicated to healthcare real estate in Europe.
It is Icade’s first transaction with Gruppo Villa Maria marking the beginning of a long-term partnership, the buyer said.