Aedifica has invested £8.5m to acquire a fully operational care home in Ayr, Scotland.
Creggan Bahn Court in Ayr has undergone two expansions in the past 10 years, currently accommodating 58 residents across the site. The home is operated by Maria Mallaband Care Group who operate 17 sites across Aedifica’s portfolio. The carte home is let on the basis of a new irrevocable 30-year triple net leaser with initial yields of circa 6%.
Stefaan Gielens, CEO of Aedifica, commented: “We are very pleased to announce that Aedifica continues the expansion of its healthcare real estate portfolio, investing £8.5 million in the acquisition of a care home in the United Kingdom. The property accommodates up to 58 residents and meets the highest standards of care and comfort. We look forward to continuing to invest in futureproof healthcare real estate with our local team.”
Bruce Walker, Country Manager of Aedifica UK, adding: “We are pleased to deepen our successful relationships with MMCG, a longstanding tenant with proven operating models.”
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