Sales success for Dorset Healthcare Ltd

16 March 2017

Oakdene Care Home with nursing and Acorn Lodge Care Homes with nursing are located on Ringwood Road in Dorset. Built in 2012, Acorn Lodge comprises 26 bedrooms with en-suite wetrooms, while Oakdene was constructed in the 1990’s and has been extended over the years to accommodate a total of 44 bedrooms. Target Healthcare REIT and Care Concern are planning  to complete renovation works at Oakdene in order to increase the size of some bedrooms and provide additional lounge space.

Kenneth MacKenzie, managing partner of Target Advisers LLP, says: “We are delighted to announce completion of this transaction, which adds another mature home in the south of England to our portfolio, and further supports the work of Care Concern. By sensitively renovating the older building we should further enhance the environment for the residents, and help the efficiency of running the home, and improve the overall quality of the combined property.

“The transaction brings our total funds invested since our May 2016 fundraise to in excess of £80 million. We continue to progress other investment opportunities“

Craig Woollam, head of healthcare at Savills, adds; “This transaction demonstrates the demand for good quality care homes that can offer on-going investor potential. We are very pleased that we were able to secure this deal for our client who recognised the opportunity to sell to a well established operator to ensure the continued success of the care home.”

 
 

General Enquiries

Savills Margaret Street

 

Key Contacts

Craig Woollam

Craig Woollam

Head of Healthcare

Savills Margaret Street

+44 (0) 20 7409 9966

 

Liz Williams-Bew

Liz Williams-Bew

Director
Commercial Marketing & Press

Savills Margaret Street

+44 (0) 20 7409 8140