Four Seasons Health Care Group has sold a portfolio of 46 care homes for £241m to Omega Healthcare Investors. All of the care homes are freehold and are located across England, Scotland and Jersey.
Six operators will run the care homes, moving forward. Until now, they have all traded under the Four Seasons Health Care or brighterkind brands.
Sarah Livingston (pictured), head of healthcare at CBRE, said: “This is a landmark deal for the sector, and our appointment as sole sale side adviser demonstrates our ability to provide strategic advice, built on our deep sector expertise and our track record on transactions of this scale.”
Tom Morgan, head of operational real estate at CBRE added: “The care homes are strongly positioned with excellent care quality, and a significant proportion of the assets being purpose-built. This presented a compelling opportunity for investors to acquire a high-performing portfolio, both from an operational and financial perspective.”
Joe O’Connor, chief executive of Four Seasons said: “This was a complex process with many moving parts. Having high-quality advisers appointed had a significant impact at each stage of the process and I am very grateful to the whole CBRE team for all their efforts in securing this outcome.”
CBRE acted on behalf of Four Seasons Health Care Group. Christie & Co acted as agent for the purchaser.
Image: © CBRE
Send feedback to Akanksha Soni
Follow Estates Gazette
