La Française Real Estate Managers (REM) acquires a property used as a Post-Acute Care and Rehabilitation clinic, Le Floride, in Barcarès (66), France

Paris, 26 June 2025

PRESS RELEASE

La Française Real Estate Managers (REM) acquires a property used as a Post-Acute Care and Rehabilitation clinic, Le Floride, in Barcarès (66), France

Photo for illustration purposes only – Investments do not constitute a commitment to future acquisitions.

La Française Real Estate Managers (REM), representing two collective real estate investment vehicles, has acquired from an institutional investor a property serving as a Post-Acute Care and Rehabilitation clinic, Le Floride, situated at 1 avenue de Thalassa in Barcarès (66), approximately 30 km north of Perpignan.

The property, with a surface area of 7,857 m², consists of a main building built over four floors (R+3) (constructed in 1979), a balneotherapy building (1993) and an extension built over four floors (R+3) (2019). Since 2014, CAPEX investments have been made, notably for the partial renovation of the main building and the refurbishment of the balneotherapy facility. A new renovation protocol, which includes an action plan to adapt to climate risks, will allow further refurbishments to continue. The environmental performance of the property complies with La Française REM’s policy. The Le Floride clinic has a capacity of 120 full-hospitalization beds and 60 day-hospitalization places.

The facility specializes in functional rehabilitation and re-education, with centers of excellence in orthopedic traumatology rehabilitation, neurology, prosthetics and complex spine treatments. Its neurological activity, complementary to that offered by the Perpignan Hospital Center, allows Le Floride clinic to receive many patients through its referral.

The medical facility is operated by ELSAN under a 12-year lease. ELSAN, a private hospital group, is a major regional player in healthcare services in France, with facilities within 40km of two out of three citizens. As a private healthcare provider, its mission is to provide everyone with quality, innovative and human care. 

Jérôme VALADE, Director of the Healthcare Real Estate Division at La Française REM, concluded: “This new investment alongside ELSAN strengthens our partnership with a trusted operator. Its geographic location is strategic. With a high proportion of people over 60 years old, showing growth of more than 30% between 2015 and 2021, the region’s demographics should support the asset’s value.”

For this acquisition, La Française REM was advised by ALLEZ & ASSOCIÉS (Me Alexandre Ollagnon) for the notarial audit, FAIRWAY (Me Alexandre Poupard & Me David Franco) for the legal audit and financing arrangement, ARTELIA (Marlène Mandrin-Bert) for the technical audit and WUEST PARTNERS (Marc Yehya) for the ESG audit.

On the seller’s side, Adama Conseil & Transactions (Jean-Luc Illouz, Olivia Vitart, and Simon Illouz) provided consulting and marketing services, while Me Sophie Cascales (Groupe Lasaygues) handled the notarial audit.

About La Française

La Française offers conviction-based management that combines performance targets and sustainability objectives across all asset classes. Organized by specialty, our portfolio managers focus on what passions them most within their own area of expertise. 

Our shareholder, Crédit Mutuel Alliance Fédérale, a mutualist group and the first bank to adopt the «benefit corporation» status, is at the very root of our commitment to responsible investing. Our teams have developed cutting edge expertise across many facets of ESG, an expertise that is integrated across all of our business activities and analyses.

Our approach to customer relationships, considered partnerships, and the creativity of our teams who place the client first enable us to develop innovative solutions and services tailored to your investments needs and time horizons.

La Française is the asset management business line of Crédit Mutuel Alliance Fédérale. With 157 billion euros in assets under management (31/12/2024), we are a major player in the asset management landscape, in France and Europe. With over 1 000 employees, we are active in 10 countries, working alongside our client base and ensuring proximity with those markets in which we invest. Our niche areas of expertise cover listed and unlisted assets, including real estate.

More information about la-francaise.com

Contact La Française:

La Française 

Pascale Cheynet: +33 1 43 12 64 25 | pcheynet@la-francaise.com

Debbie Marty: +33 1 44 56 42 24 | debmarty@la-francaise.com

Disclaimer

Issued by La Française Finance Services, whose registered office is located at 128 boulevard Raspail, 75006 Paris, France. It is regulated by the Autorité de Contrôle Prudentiel et de Résolution (ACPR) as an investment service provider under number 18673 X, a subsidiary of La Française.

Portfolio Management Company La Française Real Estate Managers received AMF approval No. GP-07000038 dated 26 June 2007 and AIFM authorization dated 24/06/2014 under Directive 2011/61/EU (www.amf-france.org).