London,
13
December
2019
|
11:33
Europe/London

CBRE advises Tanglewood Care Homes on sale of six care homes

CBRE’s Healthcare Investment Properties team has advised shareholders of Lincolnshire based Tanglewood Care Homes on the sale of their entire portfolio of care homes to Elevation Healthcare Properties and M&G Care. The six care homes will continue to be operated by Tanglewood.

Established in 1989, Boston headquartered Tanglewood operates the six care homes across Lincolnshire, employing over 550 people and providing residential, nursing and respite care for around 400 older people and younger adults.

 

 “This sale will allow Tanglewood to focus on growth as an operator and for continuity of care and employment for both residents and staff. We were pleased to secure a sale to two funds with such strong track records in this sector.”

 
Tom Morgan, Head of CBRE Healthcare