REG - Target Healthcare - Acquisition <Origin Href="QuoteRef">THRLT.L</Origin>

Target Healthcare ReitAnnouncement

06/09/2014 22:34

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RNS Number : 6145N
Target Healthcare REIT Limited
30 July 2014 
 
Target Healthcare REIT Limited 
 
RNS Announcement 
 
30 July 2014 
 
Acquisition of Turnkey Care Home in Leicestershire 
 
On 1 July 2014, Target Healthcare REIT Limited ("the Company"), a specialist
investor in UK care homes, announced it had exchanged contracts to acquire a
new, purpose-built care home in Hinckley, Leicestershire. 
 
Having now reached practical completion, the Company confirms that it has
acquired the property for a total consideration of approximately £6.0 million
including acquisition costs. 
 
As previously reported, the care home will be leased to operator Care Concern
Group for a period of 35 years and the transaction represents an initial yield
in excess of 7%. 
 
All enquiries: 
 
 Kenneth MacKenzieTarget Advisers LLP     01786 406 581                  
 Martin CasselsR&H Fund Services Limited  0131 524 6140                  
 Fiona Harris / Sam EmeryQuill PR         020 7466 5058 / 020 7466 5056  
 
 
This information is provided by RNS
The company news service from the London Stock Exchange