DLA Piper advised the Colisée Group, while CMS Albiñana & Suárez de Lezo advised FTSIF on the deal.
Grupo Colisée has added a new residential facility to its network of nursing homes in Spain. The company has taken over the management of the Riosalud residence, located in Las Rozas (Madrid). The Group plans to invest €2.5 million to modernise and improve the quality of the centre. This operation represents the Colisée Group’s first entry into the Madrid region.
Grupo Colisée will implement improvements to the facilities to make them more efficient and will deploy several technological applications to, among other aspects, favour communication between residents and relatives, as well as between workers and family members.
As part of the agreement whereby Grupo Colisée takes over the management of Riosalud, Franklin Templeton Social Infrastructure Fund (FTSIF) will be the owner of the property.
DLA Piper advised Grupo Colisée with a Commercial team led by partner Teresa Zueco (Picture), together with senior associate Rocío García and associates Juan Rosell and Carlos Fuerte.
CMS Albiñana & Suárez de Lezo advised FTSIF with a team led by partner head of Real Estate p& Construction Álvaro Otero, assisted by senior associate Jorge Peño, associates Jorge Durán, Lucía Alonso Olarra and Marian Moya. Tax advice was provided by partner head of Tax Diego de Miguel, Tax counsel Ricardo Héctor Lorca and associate Marta Burgos.
Involved fees earner: Diego de Miguel – CMS Albiñana & Suárez de Lezo; Ricardo Héctor Lorca – CMS Albiñana & Suárez de Lezo; Álvaro Otero – CMS Albiñana & Suárez de Lezo; Jorge Peño – CMS Albiñana & Suárez de Lezo; Carlos Fuerte Jiménez – DLA Piper; Rocío García – DLA Piper; Juan Rosell Cañizares – DLA Piper; Teresa Zueco – DLA Piper;