Target buys properties for more than £80m

John Flannelly, head of investment, Target Fund Managers

Investor Target Healthcare REIT has bought eight care homes and 31 retirement apartments, in four separate transactions, for a total of £81.3m. The first deal involves a portfolio of five care homes with 362 bedrooms in Yorkshire, which will be let to Bondcare, an existing tenant, on 35-year leases. Target has also exchanged contracts to…

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