15th Apr 2019 12:01
LONDON (Alliance News) - Target Healthcare REIT Ltd on Monday said it acquired a care home in Formby, Merseyside, for GBP6.9 million.
The home, which opened in 2017, comprises of 40 bedrooms with full en-suite wetroom facilities. It is well-equipped with modern facilities and gardens, the company added.
The home is let on a 35-year lease to Athena Healthcare group. Athena has two other homes under lease and two further under forward fund agreements with Target Healthcare expected to complete later in 2019.
Target Healthcare shares were flat at 116.20 pence each on Monday around midday.
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