Icade completed the sale of its majority stake in a diversified portfolio of 23 assets to BNPP REIM, a real estate investment management subsidiary of the BNP Paribas Group.
The portfolio consists of five acute care and medium-term care facilities and 18 senior assisted-living facilities in northern and central Italy.
S&C previously advised Icade on the sale of its stake in Icade Santé to Primonial REIM.
The S&C team representing Icade included Gauthier Blanluet and Alexis Madec.