Natixis acted as Sole Mandated Lead Arranger on the €175 million portfolio refinancing of 20 healthcare facilities across Spain for Healthcare Activos, Spain’s leading health-focused property investment platform.
A platform, Healthcare Activos Yield, was created in conjunction with Altamar Capital Partners, an alternative asset manager.
Through this transaction, Healthcare Activos optimizes its portfolio financing as this new loan replaces all per asset mortgage loans the company had contracted so far with Spanish banks.
A 3% annual growth
According to Altamar, “the Spanish real estate healthcare sector has a total investment volume of close to €20 billion and is expected to grow at an annual pace of approximately 3% over the next 15 years. The sector is fueled by attractive fundamentals and prospects of continued growth together with limited risks, given the demographic trends in Spain, the competitive dynamics and the structure of the market.”