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CBRE Sells York care home

Amelia House in York

Acting on behalf of DTZ Investors, the team at in Manchester has completed the sale of a care home in York, to the listed specialist care home investor Target Healthcare REIT Limited and its subsidiaries for an undisclosed sum.

The investment properties comprise two purpose built care homes containing 167 beds – Amelia House in York, which was opened in 2007 and offers 81 bedrooms, and another one in the Wirral.

Both care home properties are let on two separate leases to Four Seasons Health Care, one of the UK’s largest care home operators.

, senior director, CBRE’s Specialist Markets team, said: “We are delighted to announce the sale of both the York and Wirral care homes to Target Healthcare REIT Limited.

“Both properties offer a sound investment opportunity for long-term capital growth as fundamentally they are purpose built physical assets providing good accommodation and facilities, are in high demand locations which achieve strong and consistent occupancy, whilst being let at sustainable rental levels.”


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