Kryalos SGR, a private and independent asset management company with €14.2 billion of AuM and among the “significant in terms of size” SGR according to the definition contained in the Bank of Italy Regulation, has finalized the purchase of seven healthcare residences through Euryale Healthcare Italia 1 and Euryale Healthcare Italia 2, two closed-end real estate investment funds specializing in the healthcare sector.

The investments involved seven newly constructed properties located in Lombardy and Veneto. Overall, the facilities can accommodate up to 964 self-sufficient and non-self-sufficient elderly people, covering a total area of over 47,300 sqm.

For each asset, long-term lease agreements were signed with leading companies operating in the sector during the closing phase.

The Euryale Healthcare Italia 2 Fund has also committed to purchasing two additional healthcare residences located in Veneto and Lombardy and currently under construction, which will also be leased to a leading operator in the sector.

The Euryale Healthcare Italia 1 and Euryale Healthcare Italia 2 funds are subscribed by Pierval Santé, a French FIA operating in France, Germany, the Netherlands, Ireland, Portugal, Spain, the UK, Canada and Italy, managed by Euryale, a French group with €3.3 billion in assets under management in the healthcare, senior living and residential home sectors.

“We strongly believe in the development potential of the healthcare and care sector, particularly in northern Italy, where demand still exceeds the supply of adequate facilities,’ states Paolo Bottelli, CEO of Kryalos SGR. ‘Our investments aim to contribute to improving access to care services and creating value for local communities.”

Isabelle Clerc, Deputy Chief Executive Officer and Head of Real Estate at Euryale, emphasizes: “Italy indeed represents a strong strategic opportunity for Euryale. Today, Pierval Santé owns 16 facilities in Italy with a value of €190 million.”

With €14,2 billion of assets under management and a team of 130 professionals, Kryalos SGR is one of the most active players in the Italian real estate market. The company offers transaction management, real estate and credit fund management, development and advisory services and is partner of Italian and international leaders. Further information on www.kryalossgr.com

Founded in 2009, Euryale is an asset management company specializing in healthcare. A pioneer in its field, it is today one of the leading European investors in the sector, with more than €3 billion in real estate assets spread across nine countries (France, United Kingdom, Germany, Italy, the Iberian Peninsula,

Canada, etc.). The 250 assets under management cover the entire healthcare ecosystem: facilities for the elderly or disabled, clinics, medical centers, laboratories, and more.

Euryale manages the SCPI Pierval Santé, an SRI-labeled and solidarity-based fund benefiting the Brain Institute, as well as the new SCPI Euryale Horizons Santé, dedicated to care, well-being, and life sciences, supporting the Toulouse Cancer Health Foundation and the Brain Institute. As a 360° healthcare player, the company also invests in healthtech.

Euryale promotes a committed asset management approach, combining value creation and social utility, with a full integration of ESG considerations into its investment and management. www.euryale.com