The publicly traded fund Care Property Invest has acquired the 229-flat residential complex focused on elderly clients and hotel services.
The assets acquired by the Belgian fund in Spain have a total of 2,775 beds and are at different stages of development. Only one of the residences is currently operational.
The acquisition of the two senior citizen care homes in León comes after the company bought another two in Lugo and Terrassa just a week ago.
According to a report by Colliers, by 2050, 37% of Spanish citizens will be over 65 years of age, generating a major increase in demand for places in retirement homes.