Veracruz Acquires 2 Nursing Homes Whilst it Prepares its MAB Debut

30 April 2018 – Planta Doce

Veracruz is growing its portfolio whilst it prepares to debut on the stock market. The Socimi, which is looking to become the first Valencian manager to debut on the Alternative Investment Market (MAB), has purchased two nursing homes in its home autonomous region from the French group Omega, which specialises in nursing homes for the elderly. The company will continue as the tenant of both assets.

Located in Valencia, the two properties allow Verazcruz to diversify its real estate portfolio, which until now has comprised four shopping centres, worth €92 million in total. The Socimi is the owner of the Plaza Mayor retail parks in Xátiva and Gandía, according to Expansión.

This operation follows another signed recently between La Saleta and Primonial Reim, also in the Community of Valencia. The French fund purchased six nursing homes for the elderly from the local operator. Those assets are going to be managed by BNP Real Estate.

Veracruz was created in 2014 by a group of Latin American investors and is currently led by Salvador Fonduer, a businessman linked to the Dominican company Agilant. Besides the Plaza Mayor shopping centres in Gandía and Xátiva,the Socimi owns two other assets in Spain: Parla Natura, in Madrid, and El Arcángel, in Córdoba.

Original story: Planta Doce

Translation: Carmel Drake