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Grupo Lar & Axa IM Alts Join Forces to Build Healthcare Assets & Launch with a Nursing Home in Zaragoza

The Mimara Group will manage a centre with 270 beds for the elderly in the neighbourhood next to the AVE station in the Aragonese capital.

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A pioneering agreement has been reached in the segment for alternative assets. Grupo Lar and AXA IM Alts have joined forces to develop healthcare assets; and the first property in its portfolio will be a nursing home in Zaragoza. For its part, the Mimara Group, which currently manages more than 800 beds throughout Spain, will be in charge of managing the property.

The agreement unites Grupo Lar, a Spanish company with more than 50 years of experience specialising in the investment, development and management of real estate assets, and AXA IM Alts, a world leader in alternative investments with 184 billion euros in assets under management. Grupo Lar will manage the projects, search for opportunities in the Spanish healthcare market, and be in charge of pre-leasing approved projects to the main operators, as well as managing completed developments.

Read the full article in Spanish.

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