On 29 March Icade Santé announced its first investment in Etablissements d'hébergement pour personnes âgées dépendantes (EHPAD): the acquisition of 14 health centers for dependent elderly worth €189mn from Réseau Residalya, a subsidiary of the Ackermans & van Haaren group. Residalya is also the operator of these EHPADs.
Icade Santé* is continuing its development policy in healthcare real estate with the purchase on December 18 of the walls of Clinique médico-chirurgicale de l'Europe hospital in Rouen for €87.2mn. With 370 beds and places and a surface area of 23,500 m 2 , this clinic is one of Normandy's main health care facilities.
The foundation stone of the new Polyclinic Reims-Bezannes was laid on 21 January. The delivery of the HQE certified medical-surgery-obstetrics polyclinic of 30,000 m² with a 396 bed capacity, is planned for 2018 1st quarter. This major operation is led by Icade Santé.
On 30 November, Icade presented its three-year five-track strategic plan: finding an exit solution for the Services business, a better profitability of the Property development activities, the optimization of the Business Parks portfolio, the improvement of the Offices’ profitability and the reinforcement of the leadership of the Healthcare business.
On 30 October, Icade Santé, a 56.5% subsidiary of Icade, and of major institutional investors, bought a real-estate portfolio of 16 MCO (medicine, surgery, obstetrics) private hospitals representing an investment of €606mn.
The laying of the foundation stone of the new Libourne hospital took place on 24 September. This project is supported by the Caisse des Dépôts Group in project management (Icade), direct financing (a €72.6mn loan on savings funds) and the co-financing facilitation (a €72.6mn loan from the European Investment Bank within the framework of the Caisse des Dépôts-EIB partnership).