Acquisition of a clinic in Châtelaine (GE)

Varia Swiss Realtech Properties AG has recently signed the acquisition of a health care property in Geneva. The acquisition is the first milestone into the growing segment of health care.

The Health and Medical sector is increasing. The steady increase in life expectancy create unprecedented opportunities in the medical sector from technology to hospitality. Health care assets are gaining more and more relevance as an alternative to traditional assets in Real Estate portfolios due to their resiliency in downturns and their sector’s steady demand.

Asset Description

The Maisonneuve clinic is the first private clinic in Geneva dedicated to rehabilitation and care. It has 28 rooms and 12 luxurious suites. The clinic provides a medical center, a functional and therapeutic rehabilitation center and a French-cuisine restaurant. The building is fully renovated and is located at 2.5km from Geneva city center.

Furthermore, the asset offers long term visibility with a 20year triple net lease and high-quality, single tenant operating in a growing industry.