idealista.com

Urbas joins forces with Care Property to invest up to 140 million in building residences for the elderly

The agreement initially focuses on the construction and development of six new projects identified in Madrid, Andalusia, Galicia and Aragon, although both companies could promote more projects with a total potential investment of up to 140 million euros. Urbas will be in charge of buying the land and building the buildings under the 'turnkey' formula, which will then be acquired by Care Property.