Valor Prime Fund, an open-ended property investment fund managed by Montepio Gestão de Activos, has completed the purchase of a recently built residential care home for the elderly situated in Porto.
The property, which has a gross floor area of approximately 8,000 sqm and a total of 120 beds spread over six storeys above ground, is fully let to a leading healthcare operator in Portugal. The asset incorporates various ESG environmental criteria, specifically the installation of solar panels, charging infrastructure for electric vehicles, high-efficiency energy systems and sustainable resource management measures.
“This investment in a high-quality asset strengthens the Valor Prime Fund’s diversification into key, growth-oriented sectors, representing a further step towards building a resilient portfolio offering attractive returns and, in this case, underpinned by assets with significant social impact”, commented José Dias de Jesus, Director of Property Investments at Montepio Gestão de Activos.
Cushman & Wakefield acted on behalf of the seller in an off-market transaction, having identified and presented the opportunity to the Valor Prime Fund.
“The commitment and dedication of Cushman & Wakefield’s Alternatives & Living team enabled us, first and foremost, to find an operator for the facility, and consequently to identify the right investor for the acquisition of an asset offering stable and secure long-term returns. This transaction highlights the growing institutional interest in alternative assets, particularly senior residences in Portugal”, said Álvaro Forero, Head of Alternatives & Living Investments at Cushman & Wakefield.
