Target Healthcare, a listed specialist investor in purpose-built care homes, has completed the acquisition of two properties, in Ripon, North Yorkshire and Stourport, West Midlands, for approximately £18.6m.
A Northamptonshire development site with planning consent for construction of a 72-bed care home is being brought to market by national property consultancy Lambert Smith Hampton (LSH).
The property investment trust Impact Healthcare REIT has snapped up a Harrogate care home as part of a £21m deal.
Four Seasons failed to pay off a portion of debt owed to H/2 Capital Partners
Listed investment firm Target Healthcare has acquired two cares homes for £13.9m.
Five care homes across the East Midlands have been sold in a deal worth £28.5 million.
LXI REIT has bought the freehold interest in five care homes in Leicestershire and Lincolnshire.
Real estate investment firm AEW has acquired two residential care home properties in the West Midlands and East Riding of Yorkshire for £10.3m.
Both were acquired from 90 North Real Estate Partners and are let to Prime Life, a care services provider operating a total of 57 care homes, based mainly in Lincolnshire and the East Midlands.
Plans for a £12.5m veterans’ care village at Broughton House in Salford have been approved.
Broughton House is the only home for ex-servicemen and women in the North West and in 2016 celebrated its centenary.
Hundreds of former police stations have been sold off at bargain prices to property investors and converted into homes and offices at great profit. Forces across the country have offloaded more than 300 former police buildings since the start of 2013, raising at least £914m.
Real estate investment trust LXi has acquired a portfolio of Yorkshire care homes in a £3.8m deal.
The long-let assisted living properties have been let on new 25-year leases with no tenant break, to an unnamed provider of social housing.
Activity in the UK construction sector expanded at its fastest rate in 17 months in May, boosted by a surprise rebound in homebuilding, a survey says.
The Markit/CIPS construction purchasing managers' index rose to 56 from 53.1, its highest level since December 2015. A figure above 50 indicates expansion.
The cost of an average stay in a residential care home can swallow up more than half the value of an individual’s house in some parts of the country, according to new research.
The findings, which show that the typical person entering residential care will face a total bill of £50,000-£93,000 depending on where they live, will fuel the debate about social care funding.
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