Target Healthcare ‘optimistic’ as profit grows 45%

Target delivers portfolio diversification with investments
Malcolm Naish, chairman, Target Healthcare

Target Healthcare REIT has allocated £35.8m towards its development programme, which will support the construction of seven care homes adding £3.8m to portfolio rent annually once operational. In its financial report for the year ended 30 June 2018, the investor said it remained ‘confident and optimistic’ about its portfolio and the wider care home investment…

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Deven Pamben has more than 15 years’ experience as a journalist, working on newspapers, trade magazines and online publications. A Criminology graduate, Deven worked for Hertfordshire Constabulary before becoming a journalist. He began his journalism career at a local newspaper in Hertfordshire before moving into trade magazines in permanent roles or as a freelancer. Titles he has reported and edited on include Law Society Gazette, Harpers Wine and Spirit, and Health Club Management. Deven has also written travel features for the Sunday People, and spent two years working in Beijing for the official press agency of the People’s Republic of China.