Adriano Care has unveiled plans to invest €13.5m in the development of a new senior home with 162 beds in Madrid, Spain. The deal consolidates Adriano Care as one of the main players in the elderly sector in Spain, with close to 2,000 beds in its portfolio. Adriano’s portfolio currently includes 15 assets, comprising 12 operational senior homes and 3 land plots in Madrid where it plans to develop three senior homes adapted to new operational and real estate trends. With an investment capacity of close to €100m, Adriano plans to continue with its expansion plan, both in operating assets and in the purchase of land, for the development of new senior homes which incorporate the latest trends in sustainability and people-centred management models.
Concha Osacar, founding partner of Azora, commented: "During this year, Adriano Care has invested more than €50m in the acquisition, development and improvement of senior home assets. This new transaction by Adriano Care in Madrid consolidates our commitment to the elderly sector in which we will continue to invest in high-quality sustainable asset in order to respond to the real and latent needs of our seniors".