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News Release

Manchester

Jones Lang LaSalle’s Healthcare team advises on sale of Dwynfa Residential Care Home in North Wales


Manchester, 20th April 2010 - In a confidential transaction Jones Lang LaSalle’s Healthcare team in Manchester has sold Dwynfa Residential Care Home in Caernarfon, North Wales to an established operator who owns care homes in surrounding counties. The new purchaser plans to expand the existing business by the construction/re-development of the premises which is set within three acres of private grounds.
 
Anthony Rae, associate director of Healthcare in Jones Lang LaSalle’s Manchester office, who handled the sale, commented: “When our client asked us to conduct a confidential marketing campaign on the property, we discreetly contacted a small number of potential purchasers whom we knew had the ability to raise the finance within a short period of time enabling our client to exchange contracts and complete within the required timescale.”
 
Anthony continued: “The primary care sector is proving particularly popular in today’s property market due to its combination of long leases and secure income streams which is attracting more investors and lenders to the sector.”