Wineus coordinates the sale of a 61% stake in Infracore SA to MPT and Baloise Grouparticle from 27.06.2019
AEVIS VICTORIA successfully completed the sell down of further shares in its healthcare infrastructure entity Infracore in the context of the private placement process that was launched early 2019. Around 46% in Infracore were sold to Medical Properties Trust ("MPT"), a listed healthcare real estate company, and 15% were sold to various entities of the Baloise Group. Infracore was valued at approximately CHF 1 billion (including net debt) in the transaction.
Infracore owns the hospital buildings of Swiss Medical Network since 2006 and was integrated into AEVIS VICTORIA in 2012. At the end of 2018, the real estate portfolio consisted of 34 high-quality properties on 15 sites, representing a rental surface of 138,084 sqm. The buildings are mainly leased to the various clinics of Swiss Medical Network under very long-term leases.
AEVIS VICTORIA remains a significant minority shareholder and will continue to develop alongside MPT and Baloise Group Infracore’s growth and consolidation strategy in the Swiss healthcare real estate market in both the private and public sectors. The high investment demand in the coming years, including in the public sector, is an opportunity to further grow Infracore's real estate portfolio.
Wineus has advised AEVIS VICTORIA during the entire transaction process.