HomeTransactionsThe REIT Care...

The REIT Carey Buys a Portfolio of Funeral Homes in Spain for €130 Million

The vendor, Mémora Servicios Funerarios, will continue to occupy the assets for the next 30 years.

Tanatorio 1024x614 1

The North American REIT W. P. Carey Inc has completed the acquisition of a portfolio of funeral homes and other assets intended for funeral use from the Spanish company Mémora Servicios Funerarios for 130 million euros.

The deal, which has been advised by CBRE, is a sale-leaseback operation whereby Mémora Funeral Services will continue to lease the properties for the next 30 years, under an inflation-linked contract.

Read the full article in Spanish.


Latest news