AXA Investment Managers – Real Assets has entered the Irish care home market. It has acquired 10 purpose-built care homes which include 600 beds and 52 additional units. The portfolio will be operated by Mowlam Healthcare, one of Ireland’s largest nursing home operators. The deal adds to AXA IM – Real Assets’ existing €2bn managed healthcare portfolio. It follows acquisitions on behalf of clients in the UK, Germany, Italy, Finland, Spain and in France, where a portfolio of eight Paris care homes was purchased last year. Andrew Ovey, head of healthcare at AXA IM - Real Assets, said: “This portfolio
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