05 May Threestones Capital acquires a nursing home in Galicia, Spain for TSC fund – Eurocare IV

Posted at 11:24h in Press, Threestones Capital News by

Threestones Capital acquires a nursing home facility located in Rubià, in the region of Galicia, Spain, for its TSC Fund - Eurocare IV investment vehicle.

The nursing home is a unique two-floor structure with two basements, offering 86 beds. The building, completed in 2008, boasts wide and luminous rooms with big common areas, providing a comfortable stay for its residents. Mimara Residencial, a leading operator of elderly care residences in Spain, will take over the operations of the nursing home.

“We are glad to announce our 14th acquisition in Spain via Eurocare IV sub-fund, which brings the total number of care beds managed by Threestones Capital in the country to 1,493. The acquisition of the nursing home in Rubià reflects Threestones' commitment to expanding its portfolio of senior housing and providing high-quality care for the elderly population in Spain”, says Beka Pipia, Portfolio Manager at Threestones Capital.

Located in the north of the east side of Galicia, almost on the border with Castilla y León, the nursing home offers a calm and pleasant atmosphere while providing basic amenities at walking distance. The major residential areas of Lugo and Ourense are located approximately one hour drive away.

Threestones Capital was supported by Pavia e Ansaldo on the legal side, Drees & Sommers on the technical side and Savills on the financial due diligence.

Media contact
Tamara Dzhanashiia
Marketing & Communications
Email: t.dzhanashiia@threestonescapital.com
Tel: +352 621 691 920

About Threestones Capital Management
Threestones Capital Management SA is an authorized Alternative Investment Fund Manager (AIFM) headquartered in Luxembourg. The company manages approximately EUR 2 billion in four PERE regulated investment vehicles under the supervision of the Luxembourg financial authorities (CSSF), in compliance with European financial regulations. Founded in 2009, Threestones Capital primarily focuses on real estate investments across Europe, targeting niche asset classes. The company’s investors are a diverse mix of private individuals and institutions.

About Mimara Residencial
Mimara Residencial is a medium-sized operator based in Spain, with over 22 years of experience in managing nursing homes. At present, the group operates 18 nursing home facilities across Spain, providing a total of 800 beds, employing 450 staff members, and generating an annual turnover of approximately EUR 15 million.