3rd Feb 2016 08:08
LONDON (Alliance News) - Target Healthcare REIT Ltd on Wednesday said it has acquired a premium, purpose-built care home in the south east of England for GBP14.0 million.
Target said the home, the location of which was not disclosed, was opened in 2011 and will continue to be run by the current operator under a 30-year lease.
The purchase price reflects a net initial yield of around 7.0%, Target said.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
Target Healthc.