5 March 2018 – Eje Prime
Primonial is buying more assets in Spain. The French fund manager has signed an agreement with the nursing home management group La Saleta Care (owned by the Belgian group Armonea) to purchase six of its nursing homes in the Community of Valencia for €35 million, according to explanations provided by the group in a statement.
The fund has acquired six La Saleta nursing homes, containing 800 beds and day places in total, in the Community of Valencia, with a combined surface area of almost 21,500 m2. The six centres are going to continue to be leased to the operator La Saleta Care, through a new commercial lease with a fixed duration of 25 years.
This is the second operation that the group has signed in Spain. The company, which owns a portfolio containing more than €10.7 billion of assets under management, purchased the Sant Antoni Clinic, located in La Marina del Port, in Barcelona, last September, for €20 million.
Original story: Eje Prime
Translation: Carmel Drake
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Source:: AURA Real Estate Experts