Target buys care homes for £37m

John Flannelly, head of investment, Target Fund Managers

Target Healthcare REIT has completed the purchase of two high-end properties in Cirencester in Gloucestershire and Camberley in Surrey for £37m. Both assets will be let on 30-year leases with RPI-linked rent increases to subsidiaries of Aura Care Living, which becomes the group’s 21st tenant. The Cirencester care home, Stratton Court, opened in April 2018…

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