AXA IM Alts has expanded its Japanese healthcare portfolio with the acquisition of two nursing homes located in Greater Osaka, on behalf of clients.
The portfolio comprises more than 170 newly developed and purpose-built assisted living bedrooms, split between two assets in Kyoto City and Nishinomiya City, both of which are strategically located in Greater Osaka, which has strong demographic drivers supporting demand for elderly care accommodation.
This acquisition marks the business’ second transaction in this sector in Japan, and closely follows AXA IM Alts’ entry into the Japanese healthcare market in December 2022, through the acquisition of a portfolio of 15 nursing homes, located across Tokyo, Osaka and Aichi, for €156 million (¥21.9 billion).
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