The Primonial Group-managed ESI pan-European institutional real estate fund has announced the acquisition of three clinics in France as part of its sale & leaseback operation. The clinics provide services in the area of Medicine, Surgery, Obstetrics. The ESI fund invests in social infrastructures such as healthcare, education, and affordable housing sectors in Europe. After this acquisition, the fund now operates EUR 400 million (US$ 465.72 million) portfolio with 26 real-estate assets in France, Germany, and Austria. 

The three clinics have a surface area of nearly 29,000 sq m with a total capacity of 451 beds. The facilities offer a range of treatments (inpatient and outpatient medical and surgical treatment, cancer treatment, etc) and have state-of-the-art technical equipment and platforms (scanner, MRI, radiotherapy, particle accelerators, etc). The properties are located in the cities of Saint-Malo, Brest, and Annecy, in dynamic areas with large population basins. This operation again demonstrates the Primonial group's ability to forge strategic partnerships with leading healthcare operators in order to support them with their real estate needs.