Danish pension fund PFA has awarded the French group with a senior housing investment mandate focused on France.
The mandate will be launched with an initial equity investment of €100 mln and will focus on new assets to be bought through forward purchase structures.
La Française is already active in the sector where it manages over €330 mln of assets through a separately managed account and commingled fund, representing 18 senior housing facilities.
'We are pleased to invest in a strategic asset class, that offers the advantage of residential properties with an attractive risk-return profile and a strong societal impact. We are pleased to work with such an experienced investor as La Francaise to deploy our long-term real estate approach,' said Michael Bruhn, managing director of PFA.
'This partnership with a major institutional player (PFA), enables La Française to accelerate its strategic positioning in senior housing, a sector on the rise, that not only satisfies a structural societal demand, but that is also in line with the group’s sustainable investment approach,' added declared Marc Bertrand, Chairman of La Française Real Estate Managers.