This operation has been completed through the real estate investment company Primovie, in the amount of €35 million (before taxes). This is the second investment in Spain of Primonial REIM in the sector of sanitary buildings.
The assets, which occupy a total area of almost 21,500 m², are in the region of Valencia and account for nearly 800 beds and all-day. They are entirely rented through a new commercial lease with a duration of 25 years to the operating company La Saleta, historical player of the Spanish market in the field of care and services to the elderly in the region of Valencia and part of the Belgian group Armonea, a leading provider of health care to the elderly in Europe.
In this operation, Primonial REIM was advised by the Pérez Llorca law firm in Barcelona, the consultant JLL for the technical audit and Codabel as a real estate consultant.