By Tim Aldred
11 Jul 2019
London-based AEW UK Real Return Fund has purchased care homes in Accrington and Skelmersdale for a total investment of £11.5m.
Leicester-based Prime Life acquired Springhill Care Group and immediately sold the freehold of its two properties to AEW.
Springhill Care Centre in Accrington is registered for 116 residents, with a price per bed of £74,388. The fund expects to see a net investment yield of 6.8 per cent.
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