Target Healthcare REIT has completed the acquisition of a purpose built care home in Tonbridge, Kent for approximately £12.2 million.
The home is let to the Abbeyfield Kent Society, a charity providing care and housing to over 350 people at 14 locations across Kent, East Sussex and the London Borough of Bromley.
Purpose built and completed in early October, it comprises 101 bedrooms with full ensuite bathrooms including wetrooms over three floors. Each floor has its own lounge and the home also has quiet rooms, a hairdressing salon and a therapy room.
Abbeyfield Kent is the Group’s 15th tenant and further diversifies the Group’s tenant base.
Kenneth MacKenzie (above), managing partner of Target Advisers LLP, commented: “We are extremely pleased to announce completion of this transaction which both increases our exposure to the south east and adds another high quality tenant to the portfolio. By enabling The Abbeyfield Kent Society to move residents from an existing property to this new, purpose built care home, this transaction further demonstrates our ongoing commitment to support care home operators in delivering the highest standards of care in exceptional surroundings.”