TwentyTwo Real Estate launches a senior residence investment platform with first acquisition of emeis’ senior residence business spanning c. 1,900 units
TwentyTwo Real Estate, an independent European real estate investment and management firm, has launched a new senior residence investment platform with the acquisition of emeis’ senior residences business in France. The transaction represents a total initial investment of approximately €160 million. TwentyTwo Real Estate is joined in this acquisition by Azora Capital as a minority partner.
The creation of this new platform marks a key milestone in TwentyTwo Real Estate’s development. It constitutes a strategic extension of its established residential platform, which already encompasses around 17,000 units across France.
This inaugural acquisition represents the entirety of emeis’ French senior residences business, comprising 16 newly built properties totalling around 1,900 units. The portfolio includes seven operational residences and nine recently delivered, currently vacant assets.
The portfolio has been acquired together with the existing operating business, and TwentyTwo Real Estate has appointed Les Jardins d’Arcadie, one of France’s leading senior housing operators, to manage the residences under a long-term management agreement.
The transaction aligns fully with TwentyTwo Real Estate’s strategy of investing in operationally intensive assets in the living sector that combine strong fundamentals with the potential for long-term, sustainable value creation. It also builds on the group’s recent expansion into the healthcare sector, following its commitment to invest in a real estate company dedicated to healthcare assets operated by emeis, with a portfolio valued at approximately €1.2 billion. Together, these initiatives underscore TwentyTwo Real Estate’s continued expansion in France and its focus on thematic investments addressing major demographic and societal trends.
Daniel Rigny, Founder and CEO of TwentyTwo Real Estate, commented:
“The launch of our senior residence investment platform, underpinned by this inaugural acquisition of around 1,900 residential units, reflects our commitment to building sustainable value through investments in the living sector, combining robust fundamentals with positive social impact. Senior housing and healthcare represent resilient long-term growth segments, driven by clear demographic trends and rising demand for high-quality living solutions for seniors. We are pleased to partner with Azora Capital and Les Jardins d’Arcadie in this first transaction, actively contributing to the continued development of this impactful asset class in France.”
For more information, visit: www.twentytwo.com
Press contact
TwentyTwo Real Estate
Dina Sanches – Communication Manager
M + 33 (0) 6 63 04 22 78
