Azora, in a joint venture with Twentytwo Real Estate Fund III, has acquired the Senior Independent Living business of Emeis Group in France, expanding its portfolio by adding 1,850 apartments across 17 properties managed by Jardins d'Arcadie.

Information on the Target

Azora, in partnership with Twentytwo Real Estate Fund III, has successfully acquired the Senior Independent Living business of Emeis Group, which was formerly known as the Orpea Group, in France. This strategic acquisition adds a total of 1,850 apartments across 17 properties to Azora's existing portfolio, significantly enhancing its position in the senior living sector.

The newly acquired residences cater to older adults who are capable of independent living but desire a secure and community-focused environment. Facilities provided include landscaped gardens, on-site dining options, and wellness amenities such as physiotherapy and spa services. The quality of the properties positions them among the best in the independent living segment within France.

Industry Overview in France

France has established itself as a leader in the senior independent living domain, having pioneered this segment approximately 25 years ago. Currently, the country boasts 1,100 establishm