Orchard Street

Purpose-built care home acquired



Orchard Street Investment Management has acquired a purpose-built residential care home in Leamington Spa, Warwickshire, for £14.18m.

The specialist commercial property investment manager acquired the property from Aprirose on behalf of a pension fund client.

The site has 50 en-suite bedrooms across three floors and is let to Methodist Homes for the Aged on a 35-year term, with 27 years remaining.

Methodist Homes is an operator of care for the elderly in both care homes and extra care settings.

Tom Chadwick, associate partner at Orchard Street, said: “This is a high-quality, purpose-built care home located in a prosperous part of the UK.

“Owing to the long lease, strong operator and also supported by the demographic trends which continue to underpin the care home sector, we expect this to be an excellent, long-term investment.

“We are pleased to have successfully closed our second care home transaction with Aprirose and continue to look for further long income opportunities.”


Sign up to our newsletter to receive more news like this story

I accept that by joining the DFT mailing list, I will receive relevant news and promotional material via DFT on behalf of its partners and advertisers. Your data will not be passed on to any third party.
No, thanks, just the news please.



Leave a comment