Target Healthcare buys £15m care home

Kenneth MacKenzie, Target Fund Managers chief executive

Investor Target Healthcare REIT has let a newly developed care home to Ideal Carehomes, which it bought for £15m. The 66-bed property in Bicester, Oxfordshire, has been let to Ideal, its largest existing tenant, on a 35-year lease that includes annual, upwards-only RPI-linked increases, subject to a cap and collar. The home, which is predominantly…

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