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alternative Assets News: Spanish Real Estate Intelligence

Juan Pepa Closes the First Operation with his New Investment Fund

Stoneshield Capital, the investment fund owned by Juan Pepa, has purchased the Galileo Galilei student residence in Valencia, which had been owned until now by the Canadian pension fund CPPIB, according to EjePrime.

The fund owned by the former director of Neinor Homes and Lone Star has acquired this property, which has been on the market since the middle of 2018. The delay in the transaction was due to the size of the workforce, which comprises more than 100 workers. The consideration paid for the asset has not been disclosed.

 
Catella Buys a Student Residence in Sevilla

Catella Asset Management has bought a student residence in Sevilla for €15 million. The acquisition of this turnkey project, which will be ready in 2021, was completed through the Catella European Student Housing Fund II (CESHF II).

This is the second time that the Swedish company has bought an asset of this kind in the Spanish market. The first was the acquisition of the La Campana hall of residence in Pamplona in 2017. The CESHF II fund manages both assets.

 
Threestones Acquires its 5th Nursing Home in Spain

The Luxembourg-based firm Threestones has purchased the Puente Viesgo nursing home in Cantabria from Peninver Inversiones for its fund TSC Fund Eurocare Real Estate.

The property has 147 beds and facilities spanning 6,000 m2. It will now be managed by one of the largest groups in the European socio-health sector, Colisée, which will take over from Residencia Geriátrica Puente Viesgo.

This operation strengthens the position of Threestones in Spain, where it already owns 4 nursing homes in Tarragona, Ibiza, Burgos and Sant Cugat del Vallés.