BNP Paribas REIM strengthens its European fund dedicated to healthcare with a new strategic operation in Italy
11 DEC, 2025
By Joanna Piwko from RankiaPro Europe
BNP Paribas REIM takes a further step in the development of HPF Europe (Healthcare Property Fund Europe), finalizing on December 10, 2025 the acquisition of a majority stake in an Italian portfolio of healthcare assets of particular relevance.
The portfolio, named VITA and characterized by a value exceeding 300 million euros, includes 23 healthcare facilities* distributed between Central and Northern Italy. The properties are leased with long-term contracts to five primary operators in the sector, perfectly in line with the investment strategy of the HPF Europe fund and BNP Paribas REIM itself.
The management of the VITA assets will be entrusted to BNP Paribas REIM on behalf of HPF Europe, which holds 73.5% of the participation, supported by two important French institutional investors. This collaboration demonstrates the company's ability to aggregate partners around strategic value operations, further strengthening market confidence in its expertise.
We are particularly pleased to complete this operation, fully consistent with the objectives of HPF Europe: to strengthen our presence in Southern Europe and consolidate the overall performance of the portfolio. The operation also confirms our long-term vision on the healthcare sector, a resilient asset class and supported by important demographic trends, despite the general weakness of the real estate market in recent years, comments Paul Darribère, Global Head of Healthcare and Hospitality at BNP Paribas REIM.
In line with the acquisitions completed during 2025, this transaction further consolidates the role of BNP Paribas REIM as a reference player in the healthcare sector, in which it has been operating for over 15 years.
The portfolio of HPF Europe, launched in 2020, now reaches:
- 75 facilities in the euro area, for a total value close to one billion euros;
- 30 facilities in Italy, representing over 3,300 beds, making it one of the most significant healthcare real estate platforms in the country.
"This operation confirms our ability to manage complex transactions together with large institutional investors, who rely on our expertise in investment and asset management to generate value. The close collaboration with all the parties involved - co-investors, operators, banking institutions - was crucial for the success of this initiative," concludes Pietro Moro, Head of Acquisition at BNP Paribas REIM.
