CBRE advised Medical Properties Trust (MPT) on the sale of a 50% stake in its Median Kliniken portfolio in Germany to French investor, Primonial, for over €800m. This was the largest healthcare real estate transaction in Europe.
Additionally, the UK and German Capital Advisors teams raised €655m of debt for MPT and Primonial, marking the largest European debt raise in 2018 to date. MPT’s portfolio consists of 71 clinics which are all let to Median Kliniken on long leases. MPT will continue to manage the portfolio with Primonial owning a 50% stake in the holding company. The deal values the total portfolio at more than £1.6bn.
CBRE in London and Frankfurt acted as exclusive advisors to MPT, marketing the share in the property company to investors in North America, Europe and Asia Pacific. Capital Advisors were the exclusive brokers for the debt.