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20 April 2015 | Care

Kames Target fund acquires Clipstone Hall & Lodge

Businesses sold

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Kames Target Healthcare Property Unit Trust has purchased the freehold interest of Clipstone Hall & Lodge from private investors for an undisclosed price. 
 
The Nottinghamshire based 90-bedroom care home is let to Orchard Care, a privately owned care group on the residue of a 35-year lease. 

Christie + Co represented the vendor.

Dan Griffiths, Director at Christie + Co’s specialist investment team said: “This is a significant care home investment transaction demonstrating the continued demand for high quality care homes across the country let to first-class operators. Demand looks set to continue as institutional and specialist funds look at alternative sectors for long term, index linked income streams.”