1、European Medical Office BuildingsSPOTLIGHTSavills OCM Market Intelligence OPERATIONAL CAPITAL MARKETSQ4 2025WebsiteSocialEUROPES EMERGING HEALTHCARE ASSET CLASS43SPOTLIGHTSavills OCM Market IntelligenceE U RO PEAN MED ICAL OF F I C E B UI LD I NGSKey TakeawaysDriven by an increase in elderly populat
2、ions,supportive regulation,changing healthcare needs,outpatient care reform and institutional investor interest,Medical Office Buildings MOBs are evolving from a niche asset type into a recognised and investable part of Europes healthcare real estate market.MOBs are commercial real estate properties
3、,usually located near hospitals or high-traffic medical hubs,that are typically purpose-built and host a range of healthcare services that do not require overnight hospital stays(for example doctors offices,pharmacies and diagnostic centres),occupying the building on multi-or single-tenant leases.In
4、 the US,MOBs are a long-established,institutionalised asset class with proven income stability and liquidity.Europe remains at an earlier stage of market maturity and varies widely in its use of MOBs across geographies.Pension funds,REITs,private equity,and infrastructure investors are starting to e
5、xpand into MOBs in Europe,seeking long term,inflation-linked income.Investment volumes remain constrained by limited availability of high-quality assets.However,with lower capital requirements per asset but similar fundamentals to hospitals,MOBs provide an accessible route for a broader range of inv
6、estors to gain exposure to the cure market in Europe.The European MOB market is currently dominated by single-asset deals,as few institutional-scale portfolios exist.These smaller properties often fall below the investment thresholds of REITs and large institutional buyers,trading at higher initial