Pavia e Ansaldo assits Threestones with its eighth nursing home acquisition in Spain

Law firm Pavia e Ansaldo has advised TSC Eurocare Real Estate fund on its acquisition of nursing home “Congost” in Barcelona

Luxembourg investment fund TSC Eurocare Real Estate, managed by Threestones Capital Management, has purchased the nursing home “Residència Geriàtrica Congost” (Figaró-Montmany, Barcelona), with which it expanded its portfolio of residential centres for the elderly in Spain to eight.

Threestones Capital Management is an asset management company specialised in Real Estate, which operates under the supervision of the Luxembourg financial authorities (CSSF), in accordance with European financial regulations. The transaction represents the fund’s eighth investment in Spain since the acquisition, in 2018, of the “Cambrils Suite” residence in the province of Tarragona. All transactions are part of an investment strategy throughout Spain, and this one comes after its seventh acquisition in Spain in March 2021, as announced by Iberian Lawyer.

The operation included the transfer of the nursing home management to Gran Vida, a healthcare and geriatric group of Catalan origin, which currently manages various nursing homes in the provinces of Barcelona and Tarragona.

Pavia e Ansaldo advised on the deal with a team comprising the partner head of the Barcelona office, Meritxell Roca Ortega (pictured), together with associates Javier Vicente García and Alessandro Tenchini.