Clifford Chance advises NorthWest Healthcare Properties REIT on sale of €400 million European healthcare portfolio
26 February 2026
- Ian Painter, Dennis Blechinger, Liesbeth Buiter, Holly Porter, Lotte De Bruin, Martin Barlösius, Isabelle Booth, Miriam Sax, Dominik Engl, Sebastian Ritz, Holger Lutz
- London, Frankfurt, Munich
Clifford Chance advises NorthWest Healthcare Properties REIT on sale of €400 million European healthcare portfolio
Global law firm Clifford Chance has advised longstanding client NorthWest Healthcare Properties REIT on the sale of a European portfolio of healthcare properties and European management platform to TPG Real Estate Partners for approximately €400 million.
The medical office and clinic portfolio, named Project Nightingale, comprises 33 assets in Germany and the Netherlands including two properties with development potential. The 180,917 sq m (1.95m sq ft) collection has more than 400 tenants.
Clifford Chance has advised the REIT on transactions across Europe for many years including on its entry into the UK healthcare real estate market, the development of its UK portfolio and the subsequent £500 million disposal of the portfolio to Assura PLC in 2024.
In its fourth quarter and year end 2025 results which announced the deal, NorthWest Healthcare Properties REIT also announced their name change to Vital Infrastructure Property Trust.
The cross-practice Clifford Chance team was led by Real Estate partner Ian Painter with partners Dennis Blechinger, Liesbeth Buiter, senior associate Holly Porter, counsels Lotte De Bruin, Martin Barlösius, senior transaction lawyer Birgit Seyfert and associates Isabelle Booth and Miriam Sax. Tax advice was provided by partner Dominik Engl and counsel Stern Flick. Employment and commercial contracts advice were led by partners Sebastian Ritz and Holger Lutz.
