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Icade Santé Acquires 6 Assets in Spain for €60 Million

Most of the healthcare properties are located in Madrid and are already rented out, so they will generate cash flows immediately.

ICADE

Icade Santé has invested 60 million euros in six long-term residential properties with the aim of expanding its international portfolio in Spain. The assets are linked to the health sector and include several nursing homes. The operation comprises a total of 586 beds and 220 outpatient places, as published by the French real estate investment company on its website.

The portfolio spans a total surface area of more than 26,000 square metres, with an average value of 2,300 euros per square metre. Five of the facilities are located in Madrid, the most dynamic area in Spain.

Read the full article in Spanish.

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