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15 September 2020 | Care

Christie & Co announce the sale of the freehold investment in the BMI Woodlands Hospital Darlington on behalf of Legal & General

Specialist business property adviser, Christie & Co is pleased to announce Legal & General has sold its freehold interest in the BMI Woodlands Hospital for £29.4 million.

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Matt Jarvis, Senior Fund manager at Legal & General, said “BMI Woodlands has been a consistent performer for the Fund with a strong tenant and operator in place. As part of our wider strategy, we are delighted to have now concluded this deal as we look to further diversify toward operational assets including hotels, BTR and self-storage. In recent months, we have extended our exposure to these sectors through the acquisition of North Tower, Deansgate and our recent announcement to redevelop 109-112 Princes Street, Edinburgh into a new hotel.”

Richard Lunn, Managing Director of Care and Mike Hodges, Managing Director of Care Consultancy at Christie & Co acted for Legal & General with James Hanson at Cushman & Wakefield representing the purchaser.

For further information on this press release, contact:
Fiona Fieldhouse, Director – Head of Corporate Communications
P: 020 7227 0793 or E: fiona.fieldhouse@christie.com