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Saturday, May 25, 2024

Pavia e Ansaldo advises Threestones Capital on residence acquisition

Pavia e Ansaldo has advised Luxembourg fund manager Threestones Capital Management S. A. on the acquisition of the Palacio de Leceñes old people's home (Asturias) by the recently established TSC Eurocare IV Real Estate Fund, which increases Threestones' portfolio of residential centres in Spain to ten

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Threestones Capital Management S.A. is an asset management company specialising in real estate, operating under the supervision of the Luxembourg financial authorities (CSSF) in accordance with European financial regulations.

The transaction represents the group’s tenth investment in Spain, which began with the acquisition in 2018 of the Cambrils Suite residence in the province of Tarragona and has continued in January this year with the acquisition of the CleceVitam Otazu residence in León. All of these operations are part of a nationwide investment strategy.

Pavia e Ansaldo advised with a team comprising Barcelona office managing partner Meritxell Roca Ortega and associates Javier Vicente García and Adriano Belloni Román.

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