BNP Paribas REIM launches new European healthcare platform
BNP Paribas REIM announces has launched the Healthcare Property Fund Europe (HPF Europe) in H1 2020 with initial equity commitments close to EUR200 million.
The current group of investors consists of pension funds & insurance companies from France, Germany & Italy and new investors are already expected to join at latter closings in Q3 & Q4 2020.
The fund focuses on healthcare properties across all segments (short, medium & long stay) in the key Eurozone countries. [HPF Europe expects to reach in the next couple of years a gross asset value in excess of EUR1 billion with a unique exposure to nursing homes, clinics & rehab facilities.
“BNP Paribas REIM is clearly recognised as a trusted partner in the healthcare sector. HPF Europe is another example of our ability to build resilient & focused investment strategies based on mega-trends across Europe. Strong demographics and ageing population are supporting this asset class which is becoming increasingly significant in the allocation of institutional investors,” says Henri Romnicianu, Head of Institutional Sales.
“HPF Europe is well positioned to capture the growth of the European Healthcare market and will leverage on the past track-record & existing EUR650 million healthcare portfolio managed by BNP Paribas REIM teams," says Paul Darribère, Fund Advisor of HPF Europe.