Christie & Co sells nine care homes to Impact Healthcare REIT in £47.5m deal

Holmes Care image

Specialist business property adviser Christie & Co has facilitated the sale and leaseback of nine care homes in Scotland on behalf of Holmes Care Group.

The nine homes were purchased by Impact Healthcare REIT in a £47.5m deal.

Ms Sharifa Lakhani, Managing Director of Holmes Care Group, said: “Providing excellent care to everyone who makes their home with us is our absolute priority. We are very pleased to have concluded this deal, which will allow us to continuously invest in our homes across Scotland whilst maintaining our proud tradition as a family-run business. This long-term arrangement will see us continue to operate all of the homes, and is great news for residents, their families and our team.”

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Martin Daw, Senior Director at Christie & Co, who handled the portfolio, added: “This deal is the largest care home transaction to happen in Scotland in over 15 years. For the deal to be agreed and concluded during this very difficult time we find ourselves in goes to show the confidence in the Scottish care home sector and our client’s quality of operation.”

Tags : acquisitionsChristie & Cofinance. ImpactREIT

The author Lee Peart

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