Healthcare Activos Transforms a Loan of €390 Million into Sustainable Financing

Healthcare Activos has transformed a loan of €390 million into sustainable financing. The real estate assets and socio-sanitary equipment company has obtained the loan for a period of five years and has the participation of twelve banks,  

The operation has been led by Crédit Agricole CIB, which has contemplated a reduction in financial costs or a penalty based on compliance with a series of measurably sociable criteria.

In order for the sustainable financing credit to have been approved, Healthcare Activos has obtained the endorsement of Moody’s agency, which has given the highest possible rating to its social management principles. The firm is the first real estate agency in Europe to receive a social rating within the framework of its financing.

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Healthcare Activos has obtained sustainable financing thanks to the endorsement of Moody’s

“The company is committed to the health sector, playing an active role in the sustainable environmental development of infrastructures, taking care of the most fragile people in society, and guaranteeing compliance beyond legal requirements,” Moody’s mentions.

Healthcare Activos has a portfolio of sixty assets in Spain, Portugal, Germany, and Belgium, mainly buildings for nursing homes and, to a lesser extent, hospitals and clinics. In addition, it has fourteen residences in Spain in the development phase, whose management will be in charge of specialized operators.

The next facilities to be delivered by the company are in Terrassa (Barcelona) and Córdoba (Andalusia), and will be operated by DomusVi and Orpea, respectively. On average, each nursing home has between 120 and 140 beds and represents an investment of between fourteen million and fifteen million euros.

Since its creation in 2016, Healthcare Activos has acquired more than fifty assets in Spain and Portugal, of which forty are operational and ten are in the development phase.

With Jorge Guarner as founder and president and Albert Fernández as CEO, the platform is based on long-term business fundamentals: selected assets, leased to the main European operators with triple net long-term contracts and inflation-indexed fixed income.

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(Featured image by nattanan23 via Pixabay)

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First published in PlantaDoce, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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