Savills advises Swiss Life Asset Managers on healthcare investment transaction in Madrid

Savills Aguirre Newman has advised Swiss Life Asset Managers’ European Healthcare Fund on the acquisition of a nursing home in Aranjuez (Madrid). The transaction is the first one by the fund in Spain.

The asset is a fully refurbished building located in Paseo del Deleite that totals 9,900 sq m and 251 beds and is operated through a long-term lease by Domus Vi.

Nuria Béjar, Healthcare National Director at Savills Aguirre Newman, has highlighted the evolution of the real estate market targeted at elderly people, explaining that “we have a high commitment to incorporating professionalism and innovation in all the areas of development and infrastructures in line with meeting the needs of the senior population in Spain.”
Swiss Life Asset Managers’ European Healthcare Fund is focused on high quality assets in strategic European locations leased over the long term.
Altum advised the vendor.