Gecina and Bami, the two real estate investment vehicles of Spanish businessman Joaquin Rivero, have bought a 25% stake in Union Sanyres, a group specialising in nursing home properties in Spain. Gecina, the French SIIC, is taking a 19.75% stake in Sanyres, with Bami buying the remaining 5.43%.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
