7
Countries

1.5M

Patients and residents

€1.3bn
AUMs

579 k

SQM

Investment fundamentals

  • Asset Value

    Continue asset monitoring to minimize operation, market, regulatory and facility risks.

  • Impact on Society

    Modernization and development of healthcare infrastructure fundamental for the well-being of society.

  • First-Class European Operators

    Leased to top European operators.

  • Conservative Lease agreements

    With fixed rents indexed to CPI and +15 years guaranteed triple net lease agreements with Parent Company Guarantee.

  • Focus on operating performance

    Strong focus on underlying operating performance of the asset in the long-term, with conservative rent covers.

  • Tier 1 Asset

    Future-proof buildings within attractive catchment areas with favourable market dynamics in terms of supply and demand.

What sets us apart

The Operator Mindset
Long-term commitment with operators to provide the best quality of care, optimize operations and minimize risks. 
Long-Term Horizon
Future-proof infrastructure operated through long-term agreements backed by institutional investors and sustainable finance with a non-oportunistic focus.

Focus in Healthcare

We cover the full Healthcare continuum, with an integrated social and healthcare perspective to tackle the European demographic challenge.

Development Capabilities

We have capabilities to design our own projects fully understanding the needs of the operators and end users and the capabilities to develop the project from inception

Impact

For us, impact is a core competence. The more we fulfill our purpose, the more we contribute to long term sustainability and the more successful we are.
Nursing homes
Accessibility Affordability

Right Place

Coverage ratio 20%

Close to public transport

Consolidated urban areas

Calidad Accesibilidad

Right Partner

Operators with quality certificate

Largest multinational operators with appropriate scale and efficiency

Affordability Quality

Right Asset

Sectorized assets

Independent living units of max 30 users

+80% individual rooms

Outdoor space

100-150 beds

Highly efficient

Right place
Coverage ratio 20%

The starting point of our entire investment process is a clear principle: we only invest in assets where there is an urgent need for care. Specifically, we focus on areas where the coverage ratio (total beds over the population aged 80 and above) is 20% or lower —reflecting the proportion of the 80+ population that the WHO estimates to be dependent.

Close to public transportation

Dependent population often suffer from social exclusion and unwanted loneliness. To help prevent this, we invest in assets physically and geographically accessible whether by public or private transportation.

Consolidated urban areas

Access to basic services and participation of the community also contributes to avoiding unwanted loneliness. For that reason, in addition to proximity to public transport, we always invest in assets located in consolidated urban areas.

Right partner
Operator mindset

We have standing lease agreements with 7 out of the top 10 operators in continental Europe and open discussions with all of them. Combining this with our operator’s mindset and the access to the sector deal flow enable us to find the ideal match between asset and operator

Quality certification

Quality must be guaranteed, thus we work only with partners that can prove their quality with 3rd party certification (e.g. ISO 9001) or equivalent.

Largest multinational operators

We tend to work with operators that have a proven track record of standardized successful operations.

Right asset
Sectorized Units

Sectorized into independent living units of a maximum of 30 people, enabling specialization in controlled and familiar environments.

Mostly single rooms

Mostly single rooms, to provide high-quality individualized care while maintaining affordability.

Assets with outdoor space

Contact with nature and fresh air is key to the well-being of our users, especially since some have limited ability to leave the building unaccompanied. Green areas within the buildings are also an effective way to increase the biodiversity share of our land plots—an increasingly important consideration in consolidated urban areas.

Assets with a minimum of 100 beds

Scale is key to offering affordable high-quality services. However, overly large assets may hinder quality, while the growth of economies of scale begins to decline. Assets between 100 and 150 beds allow us to benefit from cost efficiencies through at least four independent living units, while still maximizing quality of service.

Highly efficient assets.

To meet high quality standards while keeping costs under control, our assets must be efficient—both in terms of internal operations (e.g. optimized layouts to maximize staff time spent on care) and of resource performance (minimizing energy, water and waste intensity while maximizing self-generation and Electrification yields).

Healthcare Activos Update

Learn more about our impact into practice with the latest 2025 Healthcare Activos update

Portfolio examples

  • Portlaoise

    Ireland

    Portlaoise Residence is a modern, purpose-built nursing home set within extensive landscaped grounds, located a short distance from Portlaoise town centre, Co. Laois. Opened in November 2023, the residence offers 101 single ensuite bedrooms finished to a high standard and equipped with television, personal telephone and a nurse call system.

    The facility also features 12 spacious lounges and communal areas, as well as large gardens, providing a comfortable environment for residents to enjoy social activities and visits from family and friends.

    Asset Type: Nursing home
  • Vila Real Hospital

    Portugal

    Trofa Saúde Vila Real is a highly differentiated hospital and the Trofa Saúde Group’s flagship facility in the Trás‑os‑Montes and Alto Douro region. The hospital delivers comprehensive medical and surgical specialties, supported by advanced diagnostic and clinical technology and a highly qualified medical team.
    Purpose‑designed to serve the regional population, the asset positions Trofa Saúde as a reference healthcare provider in Trás‑os‑Montes, offering high‑quality, accessible and integrated hospital care.

    Asset Type: Hospital
  • Granada (Huétor Vega)

    Spain

    The Huétor Vega nursing home, located in the metropolitan area of Granada, offers a modern and secure environment designed to support the overall wellbeing of older people. The facility comprises 120 rooms, 97% of which are single bedrooms, enhancing privacy, comfort and personalised care.

    The asset features contemporary and functional facilities, specifically designed to support a person-centred care model and the delivery of tailored wellbeing programmes that promote an active, dignified and supported lifestyle in a welcoming setting.

    The residence is operated by Amavir, one of the leading elderly care operators in Spain and a subsidiary of the French group Maisons de Famille, ensuring professional management based on high-quality care standards.

    Asset Type: Nursing home
  • Hospital Da Luz Torres de Lisboa

    Portugal

    The hospital is a modern healthcare facility with 46 inpatient rooms, 3 operating theatres, 26 consultation rooms, and 5 intensive care units (ICUs). It treats approximately 170,000 patients per year, reflecting its strong positioning within the regional healthcare network.

    The asset is operated by Grupo Luz Saúde, one of the leading private healthcare operators in Portugal, ensuring professional management and high clinical standards.

    Asset Type: Hospital
  • Como

    Italy

    Como is a greenfield nursing home and outpatient facility currently under development in Northern Italy. The asset will be operated by Korian, the Italian affiliate of the Clariane Group.
    Asset Type: Nursing home, Outpatient clinic
Contact
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