ICADE SANTE (EPA:ICSAA) ACQUISITION OF A PORTFOLIO OF 9 HEALTHCARE PROPERTIES FROM ORPEA NOW COMPLETE, AN ASSET MANAGER APPOINTED IN ITALY

Transparency directive : regulatory news

05/07/2021 18:03

PRESS RELEASE
Paris, July 5, 2021, 6:00 p.m.

ACQUISITION OF A PORTFOLIO OF 9 HEALTHCARE PROPERTIES FROM ORPEA NOW COMPLETE
AN ASSET MANAGER APPOINTED IN ITALY

Acquisition of a portfolio of nine healthcare properties from Orpea now
complete: acquisition in Berlin for EUR45m

Pursuant to the preliminary agreement signed on July 21, 2020 with Orpea to
purchase nine healthcare properties in Germany and France for EUR153m(1), Icade
acquired a nursing home in Berlin for EUR45m, the ninth and last facility in
the portfolio.

This recently refurbished nursing home has 124 beds and 48 apartments. A
long-term lease was signed with Orpea which will continue to operate the
facility.

It should be noted that the nine-asset portfolio acquired from Orpea comprises
906 beds and 143 apartments. Covering a total floor area of 55,043 sq.m, it is
mainly made up of new or recent properties.

Following the acquisition of a post-acute care facility in France announced on
July 1, the number of assets acquired from Orpea and operated by the world
leader in long-term care has risen to 10, thus reinforcing the partnership
between partnership Orpea and Icade Santé.

The Healthcare Property Investment Division's portfolio (in France and abroad)
now totals 184 properties, including 41 outside France. As of December 31,
2020, its portfolio was valued at EUR5.7bn excluding duties.

Giodarno Viganò joins Icade Santé in Italy

Starting on July 1, Giordano Viganò, an Italian national, will join Icade
Santé in Italy as an asset manager. This new hire reflects Icade Santé's
growing international expansion.

After obtaining a Masters in Management, Finance and International Business
from the University of Bergamo, Giordano Viganò began his career in real
estate in 2011 with the Carlyle Group. As an analyst, he has been involved in
acquisitions (particularly office and retail properties) and asset management
for mixed-use portfolios.

He then joined the Italian group Valore Reale SGR, specialised in property fund
management, first as an asset manager and then as a fund manager.

In 2014, he was hired by CBRE Global Investors Group as an asset manager. For
two years, he focused on logistics and retail properties, managing investments
on behalf of internal funds and external clients. He then became part of the
Investment team where he was responsible for underwriting all types of asset
classes (retail, logistics, office and alternative housing).

(1) Based on proportionate consolidation of Icade SA + IHE (Icade Healthcare
Europe)

Since 2019, Giordano Viganò has been Head of Development at COSTIM, an Italian
group which develops major urban renewal projects in Italy.

Giordano Viganò will be based in Milan for Icade Santé. He will be
responsible for managing and developing its portfolio in Italy. Icade Santé
(IHE) has been present in this country since 2018 and plans to continue its
expansion there.

ABOUT ICADE

DESIRABLE PLACES TO LIVE

As an office and healthcare property investment company (portfolio worth
EUR14.7bn on a full consolidation basis as of 12/31/2020) and a developer of
homes, offices and public amenities (2020 economic revenue of EUR825m), Icade
designs, builds, manages and invests in cities, neighbourhoods and buildings
that are innovative, diverse, inclusive and connected, with a reduced carbon
footprint. Desirable places to live and work. In collaboration with its
stakeholders, Icade has made low carbon a strategic priority in order to
reinvent real estate and create cities that are healthier, happier and more
hospitable. Icade is a key player in Greater Paris and major French cities. It
is listed as a "SIIC" on Euronext Paris and its leading shareholder is the
Caisse des Dépôts group.

ABOUT ICADE

With a portfolio worth EUR5.2bn as of December 31, 2020, Icade Santé is the
leading investor in private healthcare facilities in France. A 58.3% owned
subsidiary of the Icade Group, Icade Santé draws on its proven expertise, its
long-term shareholders as well as its extensive knowledge of the real estate
value chain. Since 2017, Icade Santé has diversified its investments into the
nursing home segment.

Icade and Icade Santé are rated BBB+ with a stable outlook by rating agency
S&P.
The text of this press release is available on the Icade website: www.icade.fr
and on the Icade Santé website: https://icade-sante.fr.

CONTACTS

Charlotte Pajaud-Blanchard,
Press Relations Manager
+33 (0)1 41 57 71 19
charlotte.pajaud-blanchard@icade.fr

Anne-Sophie Lanaute
Head of Financial Communication and Investor Relations
+33 (0)1 41 57 70 29
anne-sophie.lanaute@icade.fr

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ICADE SANTE (EPA:ICSAA) ACQUISITION OF A PORTFOLIO OF 9 HEALTHCARE PROPERTIES FROM ORPEA NOW COMPLETE, AN ASSET MANAGER APPOINTED IN ITALY

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