Business · Companies · 3 hrs ago
Ilunion and Avintia win first Madrid 40-40 care home project
Ilunion VidaSénior and Avintia won the first project under the Madrid region’s 40-40 plan for older people’s care.
The facility will be built on regional government land on Oslo Street in Las Rosas, Madrid.
It will have 150 places for older people needing residential care and 50 day-care places.
The plan aims to create 40 new care homes and 40 day centres, adding up to 8,000 places through public-private partnerships.
The project is being awarded as a 70-year concession, which can be extended by five years.
The companies expect the facility to open within 24 months of the concession being formalised.
The wider programme is intended to expand and modernise care for older people in the Madrid region.
Ilunion VidaSénior and Avintia Inmobiliaria have won the first care home project under Madrid’s 40-40 plan.
The project will provide 150 residential places for dependent older people and 50 day-care places.
It will be built on land owned by the regional government in the Las Rosas neighbourhood of Madrid.
The concession will last 70 years, with the option to extend it by five years.
The plan aims to create 40 care homes and 40 day centres, adding up to 8,000 places.
- Who
- Ilunion VidaSénior and Avintia Inmobiliaria, through its ÁvitaCare brand.
- What
- They won a concession for a care home and day centre with 150 residential places and 50 day-care places.
- When
- The article was published on 5 November 2026. The concession award date is not stated.
- Where
- Calle Oslo, in Madrid’s Las Rosas neighbourhood.
- Why
- The project is part of Madrid’s 40-40 plan to expand and modernise care infrastructure for older people.
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- Residential places
- 150
- Day-care places
- 50
- Concession term
- 70 years, with an option to extend by five years
- Project location
- Calle Oslo, Las Rosas, Madrid
- Plan target
- 40 care homes and 40 day centres
- Planned additional places
- Up to 8,000