Walton HPC has acted on the acquisition of two purpose built care homes in the village of Three Legged Cross near Wimborne, Dorset The home, which was funded by Target REIT Fund, was purchased by Care Concern for an undisclosed sum.
The two homes are adjacent to each other and comprise a total of 70 bedrooms. Acorn Lodge was built in 2012 and has a total of 26 bedrooms with full ensuite bathrooms with wetroom showers, as well as good community space. Oakdene was built in the 1990s and subsequently extended over a number of years to a total of 44 bedrooms. The extensions include an attractive conservatory lounge and further ensuite facilities.
Gary Walton, Director at Walton HPC, who acted on the acquisition 'despite profits being squezzed due to staff shortages and the living wages increases, the demand for assets where there is some reliance on self funding residents is strong, and this is confirmed by the number of assets like these which we currently have in solicitors hands awating conclusion'.