Care Property buys new senior residence for €11M

Care Property buys new senior residence for €11M

Photo: Eje Prime

According to EjePrime, the asset is currently being built and it will offer 171 beds, spread across 85 individual rooms, 43 double rooms and 25-day care centre units.

The acquisition was carried through the acquisition of 100% of Euroseniorsclub Murcia’s shares, the developer which owns the project in the final stage of development.

This is Care Property Invest’s third acquisition in Spain, this year alone. The company debuted in this market in June, with the financing of 2 new residences in Madrid and Mostoles.

Under the management of Grupo Emera (the same as the other two residences) for 15 years, the residence should open its doors during the next year’s 2nd quarter. 

Quote Peter Van Heukelom, CEO of Care Property Invest said in a press release that «with the signing of our 125th project, located in Murcia, we are proud to gain a further foothold in the Spanish healthcare real estate market within a new Spanish province. This is a stunning new construction project in a central location, close to the city centre. This is the third project on this market for which we are partnering with the healthcare operator Groupe Emera. Our ambition is to continue the current acquisition pace and thus strengthen our European position as a listed healthcare real estate player», has concluded.

Iberian Property logoIberinmo logo
Iberian Property is the best platform for investment in Spain & Portugal. Created for those who seek reliable information about players and deals happening in Iberia. Through updated database, reports, market indicators and daily news, we report “Who’s Who” in Iberian Real Estate!. Iberian Property is also proud to organize the most important international real estate investors’ meeting in Iberia - Portugal Real Estate Summit!