Impact sells ‘requires improvement’ Wakefield care home for over £2.5m

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Real estate investment specialist Impact Healthcare has sold one of its care homes for over £2.5 million.

Impact Healthcare is a trust which gives investors exposure to a diversified portfolio of UK healthcare real estate assets, in particular care homes.

The group has now sold what it called a “non-core care home” for £2.65 million, 4% above the latest book value as at 30 June 2022.

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Impact has completed on the sale of Attlee, a 68-bed care home in Wakefield, acquired as part of the seed portfolio in March 2017.

The home was not a long-term strategic asset for Impact or the tenant, Minster Care Management, and as part of the group’s active portfolio management strategy, was jointly marketed.

As part of the sale, Impact has entered into a lease surrender with Minster for nil consideration.

This comes after the property received a ‘requires improvement’ rating in all categories in its latest CQC inspection.

Tags : AttleeImpact Healthcare REIT
Sam Lewis

The author Sam Lewis

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