Pavia e Ansaldo with Threestones for the acquisition of the fourteenth residence in Spain
Barcelona, 26 May 2023 – The law firm Pavia e Ansaldo, with a team composed of the partner in charge of the Barcelona office, Meritxell Roca Ortega, and associates Javier Vicente and Adriano Belloni, assisted the Luxembourg fund manager Threestones Capital Management S. A. in the acquisition of the senior citizens’ residence ‘San Cosme’ (Orense) by the TSC Eurocare IV Real Estate Fund, established in 2021, with which Threestones has expanded its portfolio of residential centres for the elderly in Spain to fourteen.
Threestones Capital Management S.A. is an asset management company specialised in real estate operating under the supervision of the Luxembourg financial authorities (CSSF), in compliance with European financial regulations. The transaction represents the fund’s fourteenth investment in Spain, which began with the acquisition in 2018 of the Cambrils Suite residence in the province of Tarragona and continued during this year with the acquisition of ‘Vil-la Betània’ (Catalonia). All transactions are part of a strategy of investments in the entire Spanish territory