TPG Real Estate Launches Arcura Medical Properties in Europe

TPG Real Estate has launched Arcura Medical Properties, a purpose-built European healthcare real estate platform seeded by the completion of an approximately €400 million acquisition of medical outpatient properties across Germany and the Netherlands from Vital Infrastructure Property Trust, formerly Northwest Healthcare Properties REIT. The platform consists of 30 properties spanning more than 180,000 square meters in key markets including Berlin, Hamburg, and The Randstad, serving more than 400 healthcare tenants.

Arcura will operate as an independent specialized owner and operator of medical outpatient buildings and clinical infrastructure. Simon Betty, who led Vital Infrastructure Property Trust’s European operations, will serve as CEO, bringing more than two decades of real estate investment experience across global markets. Richard Mully, a real estate investor with more than three decades of experience, will serve as chairman.

“Our focus is on delivering bespoke, high-performing environments for medical practitioners, and infrastructure that supports specialist practices, diagnostics, and clinical services across the full acuity spectrum of care,” said Simon Betty, CEO, Arcura Medical Properties.

Ben Deeg, business unit partner at TPG, noted that European healthcare delivery is shifting increasingly toward outpatient and ambulatory settings, driving sustained demand for well-located, professionally managed medical infrastructure — the structural tailwind underpinning Arcura’s investment thesis.