Adriano Care, a company specialized in investing in assets for the elderly managed by Azora, has reached an agreement with the international group Colisée whereby it assumes the management of 5 residences (four operational centres, three of which are in Bilbao and one in Valencia, and a newly built residence in Madrid), which in total add up to 564 beds in three of the most active markets in the residential sector in Spain.
Thanks to this agreement, the Colisee Group (a company that has more than 350 residences in Europe, 55 of them in Spain), will reinforce the quality of the service provided to residents, while maintaining confidence in the professional staff that currently provide their services in residences.
Adriano Care has reached an agreement whereby the international group Colisée assumes the management of 5 residences
Adriano Care, the first Spanish REIT listed on BME Growth, will maintain ownership of the assets and will sign a long-term lease agreement with Colisée. In addition, it will invest in improving the operational residences in Bilbao and Valencia, as well as in the development of the new residence to be built in Madrid. Altogether, Adriano Care will invest an additional 14.5 million euros in the assets, maintaining its commitment to the highest standards of quality and energy efficiency.
how it stands out oscar shellfounding partner of Azora, “It is a great satisfaction to close an alliance with an operator with the prestige of Colisée. The agreement responds to Adriano Care’s commitment to have a portfolio of premium assets to offer the best service with top-level operators in the most attractive markets of our country”.
For his part, the thin counselor of in Spain, Gerard Sanfeliustands out “the strength of this alliance, whose objective is to continue working on the specialization of the model and reaffirm our commitment in these territories”in which the international company has about 20 residences.
with about 2,000 seats, is one of the main players in the sector for the elderly in Spain. It currently has a portfolio of 15 assets, made up of 12 operating residences and 3 plots of land in Madrid in which the development of three residences adapted to the new operational and real estate trends is planned.
With a remaining investment capacity of close to 100 million euros, Adriano anticipates continue with its expansion planboth in operating assets and in the purchase of land, for the promotion of new residences that incorporate the latest trends in energy efficiency, sustainability and management models centered on people (ACP).