Orchard Street buys care home for pension fund client

Commercial property investment manager Orchard Street has bought a residential care home on behalf of a pension fund client for £14.2m. Bought from real estate investor Aprirose, the purchase price for the home with 50 en-suite bedrooms in Leamington Spa, Warwickshire, represents a net initial yield of 3.85%. The freehold property, spanning three floors, is…