Primonial Group launches pan-European open-ended institutional real estate fund dedicated to social infrastructure

Primonial Group has launched ESI, a pan-European open-ended real estate fund dedicated to social infrastructure and covering healthcare real estate primarily but also educational facilities and affordable housing.

ESI aims to achieve about EUR1 billion of assets under management by 2022; its purpose is to participate in a collective effort in favour of healthcare operators and help to meet the future funding requirements of Europe’s social infrastructure sector.

ESI already has around EUR450 million invested - or in the process of being invested - in healthcare assets (clinics, retirement homes, etc).

As a leading European asset manager in the healthcare and education real estate industry with over EUR8 billion of assets under management, along with around EUR2 billion of residential assets under management, Primonial Group is fully familiar with these sectors and their dynamics. The Group has a foothold in several European countries, so it is able to address each real estate market with a local approach and local expertise and enjoys preferential access to investment opportunities.

Laurent Fléchet, Deputy Managing Director responsible for the Primonial Group’s real estate activities, says: “I am pleased to be launching ESI, a pan-European real estate fund dedicated to social infrastructure: healthcare real estate, educational facilities and housing, all resilient asset classes in which we have built up renowned expertise over the years. I am delighted to be able to offer our institutional investors today such an innovative investment solution that will bring in opportunities and create value for the future. This launch is testament to Primonial’s capacity to generate synergies between the Group’s various real estate entities and offer our clients a comprehensive solution on the back of our robust and integrated European network.”