Mutualidad de la Abogacía sells a residential centre in Sant Cugat del Vallés

Mutualidad de la Abogacía has announced the sale of a residential centre for the elderly to Adriano Care Socimi, a Spanish socimi listed on BME Growth, specialised in investing in assets for the elderly and managed by Azora.

The building, located at Carrer Victor Hugo 10 in Sant Cugat del Vallés, Barcelona, has a surface area of 9,488 m2 and 180 beds. Among other facilities, it has an adapted gym, library, chapel, car park, children’s area, auditorium and various rooms for medical care.

The asset is leased to Amavir, a company specialising in the management of assets for the senior population, under a binding contract until 2034. The transaction has been advised by JLL on behalf of the buyer.

Following the transaction, Mutualidad de la Abogacía has a total of 42 properties in its portfolio, with a total surface area of 185,605 m2 and a market value of over EUR 742 million. It is also a shareholder in Millenium Hospitality Real Estate Socimi, Advero Socimi Properties, Inbest Prime IV Inmuebles and Inversa Prime Socimi (formerly Almagro Capital), where it also sits on the Board of Directors of the three entities, and in the real estate investment funds Meridia IV and Ardian Real Estate European Fund II, among others.

Mutualidad de la Abogacía sells a residential centre in Sant Cugat del Vallés

Ilaria

iberianlawyer.com

Iberian Lawyer, is a monthly digital magazine, published by LC Publishing, available in Spanish and English. It represents the main source of information in the legal business sector in Spain and Portugal. The digital magazine – and its portal – address to the protagonists of law firms and in-house lawyers. The magazine is available for free on the website and on Google Play and App Store.

In every issue of the magazine, you will find rankings of lawyers, special report on trends, interviews, information about deals and their advisors.

For further information, please visit the Group’s website www.lcpublishinggroup.com

Iberian Lawyer
Registered office: C/ Manuel Silvela, 8 - Oficinas 1 Dcha 28010 Madrid España

Copyright 2022 © All rights Reserved. Design by Origami Creative Studio

SHARE

Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram