Scandinavians buy UK nursing homes

Posted on November 1st, by editor in Caring Times. No Comments

City law firm Maxwell Batley has acted on behalf of a consortium of Scandinavian private investors on a £100 million purchase of 20 nursing homes across the UK. The properties were acquired from a BVI (British Virgin Islands) company. Stephen Marks, a partner in the real estate group, who led the six-strong Maxwell Batley team said more private investors were now looking at the nursing home and healthcare sector. “This represents a departure from the more traditional retail and leisure investments,” said Mr Marks. “The deal also highlights that the appetite for UK real estate from overseas private investors remains very strong. Foreign money continues to be attracted by the long occupational leases found in the UK market.”

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