Prime Life Care Home Portfolio, East Midlands
510 care beds in 10 purpose built properties. The 35-year lease has annual inflation linked increases. Focused on providing affordable high quality care, the fundamentals are very defensive.
- Prime Life, a leading provider of care facilities in the UK, was established over 30 years ago by Peter Van Herrewege, one of the most experienced operators in the care home sector.
- The group operates approximately 60 care homes, providing around 1,800 care beds and is the dominant care provider in the East Midlands.
- The portfolio comprises 510 registered care beds in 10 purpose built properties. The homes provide a variety of care, but specialise in dementia care.
- As part of the sale and leaseback transaction, all properties were leased back to PrimeLife for 35 years on full repairing insuring terms with annual inflation linked uplifts.
East Midlands, UK