Dublin, January 19th 2020 - Property consultants CBRE Ireland in conjunction with their Spanish colleagues have recently completed a very significant healthcare investment transaction in the Irish market with the sale of one of the leading senior care home operators in Ireland - the Trinity Care group - to Spanish investor DomusVi. The Spanish investor was advised by CBRE’s Real Estate Banking team in Spain headed by Pablo Callejo, a National Director, while Trinity Care was advised by Cormac Megannety, Director and Head of the Healthcare division in CBRE in Dublin, who commented “This transaction is yet another indication of the continuing consolidation of the nursing and care home sector across Europe and demonstrates just how much healthcare assets are of interest to investors”.
Just last week, CBRE Ireland issued their Outlook 2021 report, which referred to the strength of demand from investors for healthcare assets in the Irish market, noting strong international appetite for nursing homes and Primary Care centre investment assets throughout the country. This sector has seen significant consolidation in recent years, a trend that CBRE believe will continue in 2021.
The transaction will allow DomusVi to continue to roll out its European expansion strategy, with this being its first transaction in Ireland. Whilst carrying out this transaction, the CBRE REIB team also advised DomusVi on the sale of the properties to the Belgian company Cofinimmo, one of the largest specialist Healthcare REITs in Europe.
For further information, please contact:
Head of Healthcare Division
+ 353 871772864
CBRE U.C., (CBRE Ireland) registered in Ireland, no. 316570. PSRA Licence No. 001528 is the country’s largest commercial real estate services company with offices in Dublin and Cork. Currently employing over 150 employees, we work with occupiers, investors and developers of office, industrial and logistics, retail, hotel and healthcare property, providing strategic advice and execution for property sales and leasing; tenant representation, corporate services; property and project management; appraisal and valuation; development services; investment management and debt advisory; business rates and compulsory purchase and research and consulting. Please visit our website at www.cbre.ie
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.