Impact Healthcare REIT buys Nailsea care home – Impact Healthcare REIT has exchanged contracts to acquire Argentum Lodge Care Home for a net consideration of GBP6.95 million. The initial rent will be GBP467,000.
Argentum Lodge is a purpose-built nursing home located in the village of Nailsea, approximately 10 miles to the south west of Bristol.
Impact has agreed to appoint one of its existing tenants, Welford, as the new tenant of Argentum Lodge, which will leave Welford operating five homes for Impact with a total of 230 beds. The terms of the new 25-year full repairing and insuring lease with Welford for the home are the same as the company’s other existing leases with Welford.
They say “The acquisition further enhances the Group’s geographic and tenant diversification and is in line with its investment criteria and returns profile. The Group continues to pursue a number of further acquisitions with a number in exclusivity and has a strong pipeline of potential investment opportunities.”
IHR : Impact Healthcare REIT buys Nailsea care home
Click here to subscribe for free equity research on investment trusts, funds and listed companies.