The Abarca Family Sells Two Hospitals in Sale and Leaseback Operation

8 October 2019 The Abarca Cidón family, the owner of HM Hospitales, has finalised the sale of the properties where two of its main healthcare centres, HM Sanchinarro and HM Torrelodones, are located for approximately 150 million euros to an unnamed US fund.

The Abarca family sold the assets in a sale & leaseback operation whereby the family is seeking to reduce its total exposure to the healthcare sector. At the same time, the family’s fund, patrimonial ACCT 2010 Management Initiatives, has just inaugurated a hotel in Lisbon and they are finalising work on another in Porto. Casual Hotels, the Valencian chain of themed urban establishments, will operate the two hotels.

Original Story: El Confidencial – Víctor Romero / Carlos Hernanz

Adaptation/Translation: Richard D. K. Turner

Altamar and Healthcare Join to Create Healthcare Activos Yield

10 September 2019- Healthcare Activos, which specialises in investing in the healthcare real estate assets, and Altamar have joined to create Healthcare Activos Yield. The vehicle, which will invest in the Iberian Peninsula, has 20 assets in its portfolio, all of which are leased long-term to European operators, and an initial investment of more than €250 million.

Healthcare Activos Yield intends to grow its portfolio by acquiring additional assets. Healthcare-based real estate assets in Spain are currently worth approximately €20 billion. Market sources forecast growth of around 3% per year over the next 15 years.

Original Story: Expansión

Adaptation/Translation: Richard D. K. Turner