Target Healthcare REIT has acquired a Darrington Healthcare portfolio in Yorkshire.
The portfolio includes Oak Park Care Home in Dewsbury, Willow Park Care Home in Pontefract, Birch Park Care Home in Cleckheaton, Elm Park Care Home in Doncaster, and Sycamore Park Care Home in Huddersfield.
The facilities offer residential, nursing and dementia care with approximately 360 beds, as well as amenities such as cinemas and salons.
The homes are leased to Bondcare on new 35-year retail price index-linked leases as part of the deal.
Target Fund Managers’ head of investment John Flannelly said: “We’re delighted to have completed the acquisition of this high-quality portfolio of care homes which has given us the opportunity to strengthen our relationship with an existing tenant.”
Global property consultancy Knight Frank advised Darrington Healthcare on the sale.
Nick Kempster, associate in healthcare agency and development at Knight Frank, said: “We are pleased to have advised the shareholders of Darrington Healthcare on the sale of their high-income generating portfolio of care homes, which has consistently seen strong occupancy rates and offers a stable platform for the incoming tenant.”
Pictured: Willow Park Care Home in Pontefract.
