Transaction

Clearwater advises DomusVi on the creation and financing of a real estate investment vehicle (OPCI) dedicated to the construction and ownership of its nursing homes, for the second time

Transaction

Creation of the ImmoVi II OPCI for Société Générale, Crédit Agricole, CM-CIC, and BNP Paribas and financing raised from

Management advisory

€139m

Role

Adviser to DomusVi on the creation and financing of a real estate fund vehicle

Sector

Real Estate

Region

France & Belgium

Clearwater has advised DomusVi on the creation and financing of its second OPCI dedicated to the construction of its nursing homes for the dependent elderly - DomusVi raised €139 million to finance this new portfolio.

Founded in 1983, DomusVi is one of the leaders in caring for people made vulnerable by age or illness in eight different countries: France, Spain, Portugal, Ireland, the Netherlands, and in Latin America thanks to innovative services, places and therapies that preserve their quality of life and their social relationships.

Their first portfolio, which consisted of 10 residences, included more than 900 beds for a total investment of €120 million and was financed through the ImmoVi OPCI in April 2020.

This second OPCI, ImmoVi II, represents a total investment of €139 million and is financed by Société Générale, Crédit Agricole, CM-CIC, and BNP Paribas. This new portfolio includes eight new facilities and two residences in need of major renovation, for nearly 900 beds.

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We are very pleased to have assisted DomusVi on the design and implementation of this particularly innovative scheme which will eventually allow DomusVi to regain possession of its assets. This operation reveals DomusVi's management team's agility in solving its financial and real estate challenges.

Clearwater

Transactions