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Target Healthcare REIT acquires Tonbridge care home

25 October 2016 09:23

Target Healthcare REIT Ltd has completed the acquisition of a purpose built care home in Tonbridge, Kent, for about £12.2m including acquisition costs.

The Group had previously entered into a forward commitment to acquire this property.

This is a purpose built home which was completed in early October 2016. It comprises 101 bedrooms with full ensuite bathrooms including wetrooms over three floors.

Each floor has its own lounge and the home also benefits from quiet rooms, a hairdressing salon and a therapy room. There is generous outdoor space which includes an attractive landscaped garden as well as balconies for the upper floors.

At 9:23am: (LON:THRL) Target Healthcare Reit Ltd share price was -1p at 111.5p

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