Target completes £13.8m care home purchase

John Flannelly, head of investment, Target Fund Managers

UK-listed investor Target Healthcare has bought a purpose-built care home in Ringmer, East Sussex, for approximately £13.8m. The transaction follows a successful share placing earlier this month, which raised £50m for acquisitions. The home, which opened in September 2017, comprises 62 bedrooms with full en-suite wetroom facilities. It has been designed around a residents’ courtyard and…

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