Acquisition

RNS Number : 5882B

Target Healthcare REIT Limited

08 October 2015

 



Target Healthcare REIT Limited

RNS Announcement

8 October 2015

Completion of Acquisition

Further to the announcement on 22 June 2015, Target Healthcare REIT Limited and its subsidiaries ("the Group"), the only listed specialist investor in UK care homes, announces that it has completed the acquisition of the Alexandra Court Care Centre in Kingston-Upon-Hull for approximately £6.2 million (including acquisitions costs).

Completion of the transaction was contingent upon registration of the incoming tenant, Arrow Healthcare Limited, with the Care Quality Commission which is now confirmed.

All enquiries:

Kenneth MacKenzie Target Advisers LLP	01786 845 915
Martin Cassels R&H Fund Services Limited	0131 524 6140
Mark Young, Roger Clarke, Neil Winward Stifel Nicolaus Europe Limited	020 7710 7600
Fiona Harris / Sam Emery Quill PR	020 7466 5058 / 020 7466 5056

 

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