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Confinimmo Buys a Nursing Home for the Elderly in Madrid for €12 Million

The property spans 4,300 square metres in total and has capacity for 113 beds.

COFINIMMO

With an investment amounting to 12 million euros, Cofinimmo is going to buy 100% of the shares of the company that is currently developing a nursing home in Legazpi, Madrid. The property has been pre-rented to a major operator in the sector, Emera Spain.

The nursing home will be located in Legazpi, a neighbourhood in Madrid’s Arganzuela district. The building will be energy efficient and will span 4,300 square metres in total, with capacity for 113 beds and a courtyard area that will include a pleasant garden. Photovoltaic and solar thermal panels will be installed, which will allow the property to obtain a level B energy rating at least.

Read the full article in Spanish.

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