Prime Life Care Home Portfolio
Leicestershire and Lincolnshire
Description
Five modern, purpose built care homes
Acquisition Structure
Built assets
Date Acquired
November 2017
Rent Review
Retail Price Index
Tenant Guarantor
Prime Life
Lease Term
31 years, without break
Disposal
Following an unsolicited approach, the Company sold part of this portfolio to a UK pension fund in June 2018. The sale generated a 56% geared IRR for the Company and reflected a 17% premium to latest book value