La Française wins €100m senior housing mandate

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.

Events

Latest news

Best read stories