Threestones Capital has a €97 mln portfolio of care beds in Spain following another addition in the country.
Its thirteenth investment is Spain is in "Villa Betania" located in the region of Catalonia, and will be added to the firm’s TSC Fund - Eurocare IV investment vehicle.
The new asset comprises two buildings with 2,422 m2 and 1,667 m2 of leasable area and 78 private beds.
Beka Pipia, portfolio manager, said: ‘We are glad to announce our 13th acquisition in Spain, which brings the total number of care beds managed by Threestones Capital in the country to 1,413, for a total market value of around €97 mln.’
'Over the next decade, Spain is forecasted to see one of the largest growth with 25% of people aged over 65 years, according to Oxford Economics. We will continue to explore other properties in the region, said Beka Pipia, portfolio manager.'
Threestones Capital was advised by Pavia e Ansaldo, Drees & Sommers, and Savills.
