DomusVi expands business in Europe purchasing the Irish Trinity Care

DomusVi expands business in Europe purchasing the Irish Trinity Care

With this operation, DomusVi initiates its activity in Ireland, which thus becomes the eighth country where the company operates. The portfolio the company will now manage includes 6 nursing homes and 1 rehabilitation clinic, for a total of 491 beds. DomusVi was advised in this transaction by CBRE Real Estate Investment Banking (REIB) and Trinity Care was advised by CBRE Dublin.

Along with this deal, the assets themselves were acquired by Belgian Cofinimmo for a total 93 million euro, it can be read in the release. This operation also marks the Belgian company’s entry into the Irish healthcare real estate segment.

For Pablo Callejo, REIB national director at CBRE España, «this operation shows once again the consolidation process established by European senior residences and reveals how the Healthcare segment continues attracting investors’ interests».

142 units in Spain and 4 in Portugal

The senior residences operator is currently present in 7 countries and manages more than 400 nursing homes and senior residential homes. Of these, 225 nursing homes (medical and non-medical) are located in France, 142 units are currently operational in Spain and 4 in Portugal.

In Spain, DomusVi has 140 medical nursing homes and 2 non-medical nursing homes which are spread across the country. Besides these, it also possesses 9 mental care clinics and 15 disability centres, caring for more than 24.000 clients annually.

In Portugal, DomusVi operates 3 nursing homes and 1 clinic, which offer a total of 336 places in Aveiro, Viana do Castelo, Porto and Gaia. And, at the start of 2019, it had a further 3 projects under development: one in the centre of Lisbon, in the Estrela district, which will provide 96 places and the other in Porto, offering 142 places, in addition to the expansion of its residential home in Viana do Castelo. The group’s goal for its expansion in Portugal is to become one of the largest operators of such residential homes, providing a total of 613 places.

It should be noted that DomusVi is also present in Holland (Europe) and Latin America: Chile where it operates 11 nursing homes, Uruguay (1 unit) and Colombia (1 centre).

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