Target buys £6.9m care home

John Flannelly, head of investment, Target Fund Managers

Target Healthcare REIT has completed the purchase of a care home in Formby, Merseyside, for £6.9m. The home, which comprises 40 bedrooms with en suite wetroom facilities, will be let on a 35-year lease with an RPI-linked cap and collar to Athena Healthcare Group. The property also has large light-filled lounges and dining rooms, and…

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