Major Real Estate Deal in Senior Living Market
Spanish investment firm Azora has announced the acquisition of 17 independent senior living complexes in France, in partnership with the Twentytwo Real Estate Fund III. As a result, Azora’s portfolio has grown by 1,850 modern apartments designed for seniors who prefer to live independently in comfortable surroundings.
The new properties are located in key French cities and offer residents a wide range of amenities: from landscaped gardens and restaurants to relaxation areas, physiotherapy, and spa facilities. This type of housing is becoming increasingly popular amid Europe’s aging population and rising demand for quality infrastructure for seniors.
Azora Strengthens Its Position in Europe
With this deal, Azora’s total assets in the senior living sector have reached €800 million. The company manages 53 properties, including 5,000 beds in nursing homes and 3,000 apartments for independent senior living. This enables Azora to maintain its leadership in Spain’s senior housing investment market and actively expand its international presence.
Azora’s portfolio already includes projects in the US, Italy, Germany, Ireland, Greece, Portugal, and Spain. France is now the twelfth country where the company has launched its initiatives. Experts note that the French senior housing market is one of the most developed in Europe, with around 1,100 specialized complexes and 95,000 apartments for seniors.
Strategy and development prospects
Azora’s management emphasizes that expanding the portfolio in France opens up new investment opportunities and supports the growth of social infrastructure for elderly Europeans. The company is focused on creating modern, comfortable living conditions that meet the needs of an aging population.
The deal was financed by Société Générale bank, with leading legal and financial advisors involved in the process. Azora representatives believe that entering the French market will not only strengthen their position in Europe but also raise quality standards in the senior housing segment.
Real estate experts note that interest in such projects continues to grow, and investments in infrastructure for the elderly are becoming a key area for major European companies.
