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Pavia e Ansaldo with Threestones for the acquisition of the thirteenth residence in Spain

 

Barcelona, 19 January, 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 seniors’ residence ‘Vil-la Betània’ (Arenys de Mar) 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 thirteen.

 

Threestones Capital Management S.A. is a specialised real estate asset management company operating under the supervision of the Luxembourg financial authorities (CSSF), in compliance with European financial regulations. The transaction represents the fund’s thirteenth investment in Spain, which began with the acquisition in 2018 of the Cambrils Suite residence in the province of Tarragona and continued during the past year with the acquisition of CleceVitam Otazu (León), Palacio de Leceñes (Asturias), Nuestra Señora de Guadalupe (Cáceres) and Quercus Residencia Xeriatrica (Ourense). All these operations are part of an investment strategy throughout the entire territory of Spain.