Swiss Life Asset Managers signs off-market acquisition of a healthcare asset in the Toulouse region

Swiss Life Asset Managers announces the acquisition from the Sanguignol family of Château de Vernhes clinic, located in Bondigoux, in the centre of the Montauban, Toulouse and Albi triangle.

The post-acute care and rehabilitation facility is a lead-ing institution in France, specialising in the treatment of obesity and more particularly complex pathologies. It comprises a 17th century castle and two buildings built in 1974 and 2000. It has 148 post-acute care and reha-bilitation beds (120 rooms) and ten day hospitalisation beds.

With its grounds of more than 5000m2, the clinic bene-fits from large green spaces including a 1km fitness trail, tennis court and outdoor gym. Many services are also offered to residents (art therapy workshops, hairdress-er, laundry, …).

The acquisition was completed in partnership with Ré-seau Sérenis and three regional independent clinics that are taking over the clinic’s operation from the historic owner. This partnership includes an ambitious works programme to increase the number of beds and im-prove the building's energy performance, in line with the fund's ESG targets.

"The entire team of the Swiss Life Real Estate Funds (LUX) S.A., SICAV-SIF - ESG European Healthcare fund is proud of this acquisition, which strengthens the anchor-ing of a healthcare offering in the Toulouse region," says Valérie Maréchal, Head of Resi&Care at Swiss Life Asset Managers France.

Château de Vernhes - ©CC Wikicommons / Didier Descouens

Created in 2018, the Swiss Life Real Estate Funds (LUX) S.A., SICAV-SIF - ESG European Healthcare fund aims to respond to structural challenges in the healthcare sector while offering investors attractive prospective returns. With customised access to the European healthcare market and strong diversification by geographic zone, operator and sub-sector, the fund focuses on high-quality assets with a focus on EHPAD residential care homes and senior residences.

The fund's strategy proposes a global vision while main-taining a local approach: the choice of operator, man-agement of the establishments, and regular meetings with the management are integral to the strategy.

The portfolio of this European fund consists of 31 prop-erties to date: 12 senior residences in France, 16 EHPADs in Germany, two EHPADs in Spain, one EHPAD in Belgium and two assets under sale agreement. Fur-ther acquisitions are planned in the near future throughout the European EHPAD, senior residence and psychiatric clinic market.