Wellder, the Socimi owned by Renta Corporacion and APG, has reached an agreement with ThorEU (formerly Thor Private Equity Spain S.L.) to acquire Casa Badina, the elderly residence promoted by the fund in Badalona. With this operation, the value of Wellder's portfolio, created at the end of 2022, exceeds €100m and the socimi maintains its objective of investing more than €250m in the first phase.
The newly created residence has a total surface area of more than 6,000m2 divided into four floors with abundant light on its three façades and outdoor areas, 136 beds in eight cohabitation units and a day centre with 20 additional places. Casa Badina opened its doors on 9 September and is operated by Fundació Vallparadís (Mútua Terrassa).
Wellder is committed to maintaining high ESG standards as an investment and asset development criteria, a business model that focuses on the social component, creating a portfolio of top quality assets in the field of health, people's well-being and respect for the environment. This is why it has opted for Casa Badina, a construction with the highest sustainability standards and a BREEAM New Construction rating in the Excellent category.
David Vila, CEO of Renta Corporacion, said "This operation is a further step in the rapid growth Wellder is experiencing and a great satisfaction. Casa Badina represents all the values that Wellder requires for the composition of its asset portfolio.”
Enrique García Pascual, ThorEU's Director of Investments said "Being our vocation to structure new partnerships in the core plus area that is aligned with ThorEU's ESG strategies and our vision of focusing on the well-being of users, we have observed in Wellder a communion of shared values with ThorEU, which implies that we are very proud of this transfer and we are confident that we have opened a new stage of cooperation that will play a fundamental role in the future of the sector."
Image source Pexels.
Europe Real Estate — an overview of real estate developments in European countries.
