Cofinimmo picks up Spanish nursing home for 9 mln euros

Brussels based real estate developer Cofinimmo acquired a newly built nursing and care home in Bilbao, northern Spain, for some 9 million euros, boosting its exposure in healthcare.

The construction of the building, let to the ORPEA group for 15 years, has just been finalised and its delivery took place at the same time as the acquisition.