Wellder invests €7.5M in the purchase and refurbishment of a senior residence in Burgos

Wellder invests €7.5M in the purchase and refurbishment of a senior residence in Burgos
DomusVi Río Vena senior housing

Wellder, the socimi owned by Renta Corporación and the Dutch fund APG, has invested a total of €7.5 million in the purchase and partial refurbishment of the DomusVi Río Vena nursing home in Burgos.

The asset, built in 2009, has 98 beds and a surface area of around 4,500 square metres. Located close to the historic centre of Burgos and surrounded by parks and medical centres, the senior home will continue to be operated by DomusVi.

This is the first investment made by Wellder, which expects to reach a portfolio of elderly-related real estate assets in Spain worth 250 million euros in the coming months.

Wellder was created in November last year through a new alliance between Renta Corporación and APG, which renewed its commitment to the real estate company as its main partner in the Spanish market. The socimi is expected to be listed on the stock exchange in 2025.

Specifically, Wellder will invest in assets located in municipalities with more than 100,000 inhabitants, with a preference for provincial capitals and in areas of between 4,000 and 7,500 square metres with between 80 and 140 beds per centre. The company will also invest in the construction of new developments.

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