CIM and CareTech enter sale and leaseback agreement

Tom Pridmore, group director, Civitas Investment Management

Civitas Investment Management (CIM) has invested £200m in a portfolio of specialist care properties from CareTech under a sale and leaseback deal. The portfolio comprises special schools, children’s homes and adult specialist care homes and follows the £1.1bn acquisition of CareTech by its co-founders, Farouq and Haroon Sheikh, of the business in September. CIM is…

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