Impact Healthcare REIT Plc To Acquire Argentum Lodge Care Home

  • Sep 23, 2019 BST
  • Team Kalkine
  • Impact Healthcare REIT Plc (IHR) will acquire Argentum Lodge Care Home. The company has exchanged contracts for the deal which is for a net consideration of £6.95 million.
  • Welford, one of the existing tenants of the group has been appointed as the new tenant of Argentum Lodge.
  • The terms of the new 25-year full repairing and insuring lease with the new tenant are the same as the Group's existing leases with it and the initial rent will be £467,000.
  • On 23rd September 2019, at the time of writing, GMT 08:23 AM, IHR shares were trading at GBX 111.00, flat against the previous day closing price.

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