The Board of Impact Healthcare REIT plc (ticker: IHR), announces that at the Company's 2023 Annual General Meeting held today, all resolutions proposed at the AGM were voted on and passed by a poll by the Company's shareholders and the results of the poll, including the proxy votes received, are set out below.Read more
Further to the acquisition of the Seed Portfolio on 4 May 2017, Impact Healthcare REIT plc (ticker: IHR) is pleased to announce that the Company has completed the acquisition of Saﬀron Court, Leicester for a total consideration of £3.4 million, reﬂecting a net initial yield of 7.7%. The acquisition was funded through the Company’s cash resources.
Saﬀron Court comprises a care home with 48 beds and 25 associated assisted living ﬂats. The terms of the lease are substantially the same as the leases for the Seed Portfolio with a 20-year term, an op on to extend for a further 10 years and annual upwards-only rent increases linked to RPI with a ﬂoor of 2% and a cap of 4%.
The Company entered into non-binding heads of terms to acquire Saﬀron Court at the me of the IPO as set out in the prospectus published by the Company on 24 January 2017.
Rupert Barclay, non‐executive Chairman of Impact Healthcare REIT plc, commented:
“We are pleased to have completed the acquisition of Saﬀron Court on the terms set out at our IPO. This investment, along with the Seed Portfolio acquired on 4 May 2017, should provide the Company with stable and secure cash ﬂows that support the Company’s dividend policy.”
For further information please contacts:
Impact Health Partners LLP via Newgate Communications
Winterﬂood Securities Limited
Tel: 020 3100 0000
Newgate Communications (PR Adviser)
Tel: 020 7680 6550