Rynda Healthcare has acquired a 90-bed care home in Edinburgh from Nuveen’s Janus Henderson UK Property PAIF.
London, 27th January 2022 – Rynda Healthcare has acquired a 90-bed care home in Edinburgh from Nuveen’s Janus Henderson UK Property PAIF.
Cairdean House is let to Care UK, one of the UK’s top five operators by market share. The home was purpose built in 2013 and designed by BPA Architecture to deliver the best standards of care and to enable residents to live active and fulfilled lives. The home provides full-time residential, nursing and specialist dementia care, as well as short-term respite.
Its 90 en-suite bedrooms are arranged in communities of 10 beds, across three wings, connecting to a central hub. As well as communal lounges and dining spaces, residents also have access to a cinema room, private dining rooms, café area and beauty salon. A feature of this home is the abundance of accessible outside space, with a central courtyard, terraces at each level, gardens and an area of woodland.
Rynda Healthcare is a specialist investor focused on the care home and senior living markets. Cairdean House adds to previously acquired assets in Braintree, Derby and Market Harborough.
Michael Walton, Chief Executive of Rynda Healthcare, said: “We are delighted to have closed this transaction, adding to our portfolio another home centred around providing its residents with the best care. We are intent in building long term relationships with a range of selected developers and operators whose business growth we look to support for the long term.”
Vincent Farrow, Partner in Cushman & Wakefield’s UK Healthcare team, added: “It was a pleasure to act for Rynda Healthcare in this acquisition – a dynamic new investor in the sector. Cairdean House is an established and well-regarded care home in a fantastic Edinburgh location, tenanted by a strong national operator and built to a design standard which was ahead of its time.”
Rynda Healthcare was advised by Cushman & Wakefield. The vendor was represented by Gary Phillips at LSH. The investment was sold to Rynda Healthcare at an undisclosed price.
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