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.

52.766 North
1.289 West

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52.6142 North
1.106 West

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53.736 North
0.571 West

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52.584 North
1.135 West

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52.442 North
1.789 West

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52.762 North
1.293 West

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53.604 North
0.662 West

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52.612 North
1.106 West

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Acquisition closed:

11/2013

Location:

East Midlands, UK