Clifford Chance advises Farallon Capital and TwentyTwo Real Estate on their €761 million investment in emeis’s new healthcare real estate company

Emeis, an international group specialising in health and care services, announced on 23 September 2025 the creation of a new real estate company dedicated to healthcare assets, which will continue to be operated by the emeis group. The real estate portfolio of this company consists of 68 assets, with an appraised value of €1.22 billion at the end of 2024. The assets, which will remain fully operated by emeis, are located 68% in France, 19% in Germany, and 13% in Spain.

In this context, Farallon Capital, as the main investor, and TwentyTwo Real Estate will invest €761 million in this new real estate company.

Farallon Capital is a global investment management firm, founded in 1986 and based in San Francisco, managing over $40 billion in assets on behalf of a wide range of institutions, including university endowments, charitable foundations, and pension funds.

TwentyTwo Real Estate is an independent real estate investor-operator, founded in 2012 by Daniel Rigny, with €4.5 billion in assets under management in Europe.

Clifford Chance advised Farallon Capital and TwentyTwo Real Estate on the real estate aspects of the transaction with Alexandre Couturier (partner), David Gérard (counsel), and Clément Silve (associate) in Paris, Andres Tirado (associate), Octavio Canseco (associate), and Paula Abad (paralegal) in Madrid, and Fabian Böhm (partner), Ahmad Zaheri (senior associate), and Miriam Sax (associate) in Germany (Frankfurt and Munich).