Franklin Real Asset Advisors Acquires Nursing Home Located in Las Rozas, Madrid

Franklin Real Asset Advisors has acquired a nursing home located in Las Rozas, Madrid on behalf of Franklin Templeton’s Social Infrastructure strategy.

Luxembourg and Spain, 07 April 2021 – The acquired property is located in one of the largest municipalities in the autonomous community of Madrid, Spain, and is comprised of approximately 13,000 sqm and has been leased to La Saleta Care, the Spanish brand of the Colisée Group, on a new 25-year triple net lease. This asset will provide a quality healthcare service within an undersupplied market, expected to become an even more essential, social service due to Spain’s increasingly ageing population.

Raymond Jacobs, Managing Director at Franklin Real Asset Advisors, comments: “We are pleased to add this asset to our social infrastructure portfolio providing a strong dual impact and financial return. By bringing in an aligned nursing home operator, we support quality healthcare services within an undersupplied market, and ensure that capacity is available to meet the growing demand from Spain’s ever ageing population.”

Michel Lim, Vice President at Franklin Real Asset Advisors, adds: “We were able to consolidate the ownership from a number of private owners, while putting in place a new long-term lease with a leading nursing home operator. This transaction provides us with exposure to one of the most affluent and fastest growing municipalities in Madrid at an attractive pricing for our investors.”