CNP Assurances : is investing in three senior service care homes tailored to “ageing well”

Paris, 20 September 2016

CNP Assurances is investing in three senior care homes managed by Les Jardins d'Arcadie. They are 'new generation' care homes located in urban centres that are both practical and open to the outside world.

Designed for independent and semi-independent seniors wishing to live in a sociable and secure environment, these three new care homes will be manged by Les Jardins d'Arcadie Exploitation, which is 60% owned by Acapace and 40% by Bouygues Immobilier. The care homes range between 5,500 and 6,500 m² in size, including communal areas of 800 m² (restaurants, private rooms, hairdressers, wellbeing areas, etc.), and are composed of accommodation units ranging from studios to two-bedroom accommodation.

Details of the care homes:

- A care home comprised of 94 accommodations in the centre of Lagny-sur-Marne on the former Saint-Joseph clinic site, which will be fully refurbished. It is scheduled to open in the 2 quarter of 2018.

- A care home comprised of 125 accommodations, located in Toulon, within the 32,800 m² Font-Pré eco-site (former hospital). It is scheduled to open in the 2 quarter of 2018.

- A care home comprised of 95 accommodations, located in Amiens behind the Perret tower, opposite the train station, as part of the 10,000 m² Carré Perret mixed programme developed by Linkcity Grand Ouest. It is scheduled to open in the 1 quarter of 2019.

This bulk sale represents the first transaction under the strategic partnership signed in November 2014 between Les Jardins d'Arcadie and Bouygues Immobilier.

Nicolas Monnier, Head of unlisted investments at CNP Assurances said: 'CNP Assurances is a responsible and engaged investor that is also a major supporter of 'ageing well'. These three senior care home investments that combine proximity, quality of services and conviviality illustrate our determination to address current societal challenges'.

François Georges, President of Jardins d'Arcadie - Acapace said: 'The confidence that CNP Assurances has placed in us by making these three investments confirms the choice made by the Acapace Group over the past 10 years to introduce a new type of care home with services for elderly people in prime locations, ensuring security, conviviality and quality of services in adapted accommodation that complies with the regulatory and ethical framework'.