Business
emeis: Disposal Target Exceeded and Reduction of Net Debt by Nearly €700 Million
PUTEAUX, France, September 23, 2025--Regulatory News: Farallon Capital as lead investor, and TwentyTwo Real Estate, have today committed to emeis (Paris:EMEIS) to create a real estate company dedicated to healthcare real estate assets operated by the Group. emeis' partners in this transaction will invest €761 million around the end of the year1, representing 62% of the appraised value at the end of 2024 of the assets held by this vehicle.
About this update from Emeis
[{"type":"text","content":"Creation by emeis of a real estate company dedicated to healthcare real estate in Europe","length":88,"tagName":"p","attribs":{}},{"type":"text","content":"PUTEAUX, France, September 23, 2025--(BUSINESS WIRE)--Regulatory News:","length":70,"tagName":"p"},{"type":"text","content":"Farallon Capital as lead investor, and TwentyTwo Real Estate, have today committed to emeis (Paris:EMEIS) to create a real estate company dedicated to healthcare real estate assets operated by the Group. emeis' partners in this transaction will invest €761 million around the end of the year1, representing 62% of the appraised value at the end of 2024 of the assets held by this vehicle.","length":392,"tagName":"p"},{"type":"text","content":"This transaction enables the Group to exceed its initial divestment target (of €1.5 billion2 between mid-2022 and end 2025), bringing now the volume of transactions completed over the period or secured to date to nearly €1.9 billion. The investors’ contribution would thus lower the Group's net debt by nearly €700 million. It also lays the foundations for its longer-term real estate strategy and will enable it to retain a potentially significant share of the future value creation of the vehicle, with the recovery of the real estate cycle for healthcare assets that appears to be emerging today. This real estate company will enable emeis to maintain its real estate portfolio to the highest standards and to best meet the expectations and needs of patients and residents with a tailored healthcare offering.","length":816,"tagName":"p"},{"type":"text","content":"The real estate portfolio of this property company comprises 68 assets with an appraised value of €1,220 million3 at the end of 2024, reflecting an average yield of around 6% excluding transfer taxes. The assets, which will continue to be operated entirely by emeis, are located 68% in France, 19% in Germany and 13% in Spain. Overall, 48% of this real estate portfolio consists of nursing homes and 52% of clinics.","length":415,"tagName":"p"},{"type":"text","content":"Once the procedures for informing and consulting the Group's representative bodies have been completed and the conditions precedent have been met4, this consortium of investors will invest, €761 million in favor of emeis. This transaction will be structured through the subscription of financia...