The Board of Directors of Impact Healthcare REIT plc (ticker: IHR), the real estate investment trust which gives investors exposure to a diversified portfolio of UK healthcare real estate assets, in particular care homes, is pleased to announce that the Group has acquired Birchlands Nursing Home for a net consideration of £3.9 million. The initial rent will be £300,000.
Birchlands is a purpose-built nursing home located on the outskirts of York with 51 bedrooms. It currently has 100% occupancy and is rated Good by the CQC in its most recent published inspection report.
The Group has agreed to appoint one of its existing tenants, Welford, as the new tenant of Birchlands. The terms of the new 25-year full repairing and insuring lease with Welford for the home are the same as the Group’s existing leases with Welford. This is the Group’s third lease with Welford, which now operates four homes with 174 beds for Impact.
The acquisition is in line with the Group’s investment criteria and returns profile.
The Group has agreed exclusivity on a number of further acquisitions and continues to evaluate a strong pipeline of potential investment opportunities and expects to announce further acquisitions shortly.
For further information please contact:
Impact Health Partners LLP via Maitland/AMO
Winterﬂood Securities Limited
Tel: 020 3100 0000
Maitland/AMO (Communications Adviser)
Tel: 020 7379 5151
The Company’s LEI is 213800AX3FHPMJL4IJ53.
Further information on Impact Healthcare REIT is available at www.impactreit.uk