Christie & Co facilitates £45 million Scottish care home sale & leaseback
Specialist business property adviser, Christie & Co, recently represented the vendor in the sale of four care homes across Central Scotland.
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Following a discrete marketing campaign led by Martin Daw, Regional Director - Care in Scotland at Christie & Co and Michael Hodges, Managing Director - Capital Markets at Christie & Co, three operational homes were acquired by Target Healthcare - a UK-based specialist investor for purpose-built care homes - through a sale-and-leaseback agreement. Each home features en suite wet rooms and primarily serves a private-pay client base. The properties are secured under 35-year leases with inflation-linked rent reviews. A fourth home is currently under construction and is expected to be completed by mid-2026. The £45 million investment underscores Target Healthcare’s commitment to reinvesting proceeds from recent disposals into premium assets.
Martin Daw, Regional Director - Care in Scotland at Christie & Co, comments, “We are pleased to have been trusted with this important sell-side mandate, with the deal representing an excellent outcome for our client.”
Michael Hodges, Managing Director - Capital Markets at Christie & Co, comments, “This transaction demonstrates continuing appetite from investors for good quality care home groups across the UK. We are delighted to have brokered this deal to Target, who will be a strong partner for our client.”
The properties were sold to Target Healthcare for a total investment, including costs, of £45 million.
