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Solvia Puts 3 Hospitals Up For Sale

Posted by: In: Real Estate 13 Oct 2017 Comments: 0 Tags: , , , , , , , , , , ,
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13 October 2017 – Solvia.es

Solvia, the nationwide leader in real estate services, has put three hospitals in Spain owned by Banco Sabadell, up for sale through an orderly process. The assets are currently leased to the hospital group Quironsalud, a high-profile company in the healthcare sector in Spain, which is in turn, owned by the German healthcare group Fresenius, which acquired 100% of Quironsalud in 2016.

This operation, which is expected to be closed before the end of the year, will be one of the largest to take place in 2017; moreover, this year is forecast to see record levels of investment in Spain. The operation is expected to spark interest amongst investors and Solvia had already received several offers from domestic and international groups, even before the hospitals had been put up for sale.

Hospital Quirón Barcelona, regarded as one of the iconic hospitals in the city, was constructed in 2006 in a privileged location (Plaza Alfonso Comín 7), just 5km from the city centre; it comprises a total surface area of 58,000 m2.

Hospital Quirón Vizcaya is located in the town of Erandio (Carretera Leioa-Unbe, 33 bis), 10km from the centre of Bilbao, and comprises a surface area of 19,000 m2 spread over two buildings.

Meanwhile, Hospital Quirón San Sebastián acquired a former palace in 1990, just 2km from the city centre (Parque Alcolea 7), which was subsequently converted into a hospital, comprising a complex of three buildings with a surface area of 7,000 m2.

Currently, the healthcare market is experiencing a significant shortage of supply in the face of rising demand, and so investors are very interested in identifying more opportunities beyond the traditional markets (France, Germany and United Kingdom) (…).

So far in 2017, investment in tertiary real estate assets in Spain has recorded a significant increase with respect to the previous year, favoured by an improvement in domestic demand, a reduction in unemployment and the favourable performance of tourism, whilst returns have continued to be compressed due to the strong investor pressure.

Proof of this is that more than €7,000 million has been invested in non-residential assets during the 8 months to August 2017, which represents an increase of more than 60% with respect to the same period last year. This year is expected to close with higher real estate investment figures than in 2016, with a volume of around €10,000 million.

Solvia has become the market leader in the real estate services sector in Spain, maintaining a portfolio of 148,000 real estate assets under management, whose value exceeds €31,000 million and of which more than €4,300 million are financial assets. Similarly, the firm manages €1,200 million of assets comprising land under development.

Original story: Solvia.es

Translation: Carmel Drake

The post Solvia Puts 3 Hospitals Up For Sale appeared first on Aura Real Estate Experts.

Source:: AURA Real Estate Experts

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