York firm’s £11.5m healthcare move
A YORK-based healthcare property consultant has overseen the sale of two care home investments at a price of £11.5 million.
HPC acted on behalf of private investor Mike Bullas for the sale to Target Healthcare RIT of the care homes situated in St Helens, Merseyside and Longridge near Preston.
Both homes opened in 2008, when they were acquired by Mr Bullas, and are leased to Yorkshire based operator Orchard Care Homes with a period of approximately 30 years remaining.
Target is a specialist investor in UK care homes and the acquisition sees its portfolio increase to ten care homes since it listed its shares on the London Stock Exchange’s Main Market in March 2013.
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