Target Healthcare buys Nottingham care home for £7.6m

John Flannelly, head of investment, Target Fund Managers

Target Healthcare RIET has purchased a Nottingham care home for £7.6m in a sale and leaseback deal with Acacia Care. Acorn House was built in 2013 and consists of 64 bedrooms with en-suite wetroom facilities, over three floors. The home has been leased back on a 35-year contract with an RPI-linked cap and collar. Acacia…

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