PrimeLife buys Springhill Care Group

Secure Income REIT sells eight private hospitals in £347m deal

PrimeLife has bought Springhill Care Group in a deal involving AEW UK Real Return Fund (RRF). The transaction involves PrimeLife selling the freehold of two Lancashire homes to AEW RRF for £11.5m under 30-year leases with annual reviews linked to the retail price index. Springhill Care Home in Accrington is registered for 116 residents with…

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