November 04, 2025, emeis (Paris:EMEIS) finalized the sale of its independent senior residences in France and related real estate to a real estate fund managed by TwentyTwo Real Estate as the lead investor and Azora Capital.
This transaction is part of emeis’ strategy to refocus and reduce its debt. It has been carried out without affecting the continuity and quality of service for residents and without any impact on the employment of the teams concerned.
The transaction is valued at €159 million (net seller price), to which €41.5 million could be added at the end of 2029, depending on the operational performance of the divested perimeter at that time. The total potential proceeds of the operation would thus amount to €200 million.
The scope of the sale includes 16 facilities:
– 7 in operation, with more than 100 employees. This scope of the sale includes both real estate and operations.
– 9 currently not yet in operation, are under construction today or have recently been delivered.
The buyer has decided to entrust the management of the transferred facilities to Les Jardins d’Arcadie Group, one of the national leaders in this sector, as of November 1, 2025.
The contribution of this activity to emeis’ operating margin was marginal in 20241 and not significant at the Group level. On the real estate side, the transaction reflects a price very close to the real estate values recorded at the end of 2024.
This transaction, for which a preliminary agreement was signed in September 2025, was therefore already secured at the end of the third quarter 2025. The amount of disposals completed since mid-2022, or secured to date, therefore remains unchanged at €2.1 billion.