Target Healthcare agrees £9.7m deal

John Flannelly, head of investment, Target Fund Managers

Target Healthcare REIT has purchased a site and entered into a forward funding agreement for the development of an elderly care home in Rudheath, Cheshire, for £9.7m. The care home, which received planning permission in October, will be let to an existing tenant, L&M Healthcare, on a 30-year lease. The development is based on a…

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