2023-12-11 14:03:47
Income Corporation and APG, the company’s shareholder pension fund, will invest around 35 million euros in nursing homes, fattening the portfolio of their Wellder Socimi. The real estate company hopes to reach 1,500 spaces by closing operations in the next four months. The union of Renta Corporación with AGP occurred with the objective of acquiring real estate assets related to the elderly in Spain for a value of 250 million euros in an initial phase (125 million euros of ‘equity’ plus debt).
The forecasts of the company, which has recently joined forces with Juan Velayos (former CEO of Neinor Homes) To launch a green promoter, they must reach the number of beds by finalizing the closing of acquisitions in different locations in the country in the coming months.
On the other hand, Renta Corporación also seeks to grow in the storage room market, in which they are looking for a partner to promote a platform with their own capital. At the moment, Cabe, its business line dedicated to the rental of storage rooms and furniture storage, has twenty urban distribution centers, of which only eight are fully operational.
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