Icade completes €153m healthcare portfolio deal

French investment manager Icade has purchased a nursing home in Berlin for €45 mln, marking the last transaction in its nine-asset portfolio deal with Orpea.

Icade signed a preliminary agreement with Orpea in July 2020 for nine healthcare properties in Germany and France for €153 mln, comprising a total of 906 beds and 143 apartments. Covering a total floor area of 55,043 m2, it mainly includes new or recent properties.

The portfolio deal has now completed with the purchase of the Berlin property, a recently refurbished nursing home with 124 beds and 48 apartments. A long-term lease was signed with Orpea which will continue to operate the facility.

Following the acquisition of a post-acute care facility in France announced on July 1, the number of assets
acquired from Orpea has risen to 10, reinforcing the partnership between Orpea and Icade Santé.

The healthcare property investment division’s portfolio (in France and abroad) now totals 184 properties,
including 41 outside France. As of 31 December 2020 the portfolio was valued at €5.7 bn excluding duties.

While announcing the deal, Icade also said that Giordano Viganò, an Italian national, will join Icade Santé presently in Italy as an asset manager. This new hire reflects Icade Santé’s growing international expansion.

Giordano Viganò began his career in real estate in 2011 with the Carlyle Group. As an analyst, he has been involved in acquisitions (particularly office and retail properties) and asset management for mixed-use portfolios.

He later joined Valore Reale SGR, before moving to CBRE Global Investors in 2014 as an asset manager.

Since 2019, Viganò has been Head of Development at Costim, an Italian group which develops major urban renewal projects in Italy.

He will be based in Milan for Icade Santé, and be responsible for managing and developing its portfolio in Italy. Icade Santé (IHE) has been present in this country since 2018 and plans to continue its expansion there.


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