Homes transferred in leaseback deal

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

Ten properties operated as care homes and supported housing by Dorset Residential Homes (DRH) were transferred to Signpost Care Partnerships in September. The deal involves Signpost purchasing all the homes owned by DRH, as well as all those leased by them from the Dorset Community NHS Trust and Inventure. Signpost will carry out improvement works to bring the homes up to current regulation standards and then lease them back to DRH on a 25-year basis. The properties are located across Dorset and vary from larger residential homes to smaller properties. Group director of support services Brian Miller said the deal had been a very complex project which had taken a number of years to come to fruition. “We are absolutely delighted that the transfer has gone ahead, and would like to thank the legal consultants acting on behalf of all parties,” Mr Miller said.

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