Aedifica acquires Scottish care home

Charles Wheeldon
June 21, 2022
Creggan Bahn Court

Belgium-headquartered healthcare real estate investment trust Aedifica has acquired Creggan Bahn Court, a fully operational care home in Ayr in Scotland catering for 58 residents, for approximately £8.5 million.

The home is let on the basis of a new irrevocable 30-year triple net lease and the initial net yield amounts to approximately 6%.

The home offers spacious bedrooms with en suite facilities specifically tailored to suit the needs of seniors requiring continuous care. The home’s operator is Maria Mallaband Care Group, which operates 17 of Aedifica’s homes and 80 homes in total

Bruce Walker, country manager of Aedifica UK, adding: “We are pleased to deepen our successful relationships with MMCG, a long-standing tenant with proven operating models.”

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