Impression Healthcare to lift funds for acquistions
Healthcare properties investor Impression Healthcare REIT is fairness fundraise through putting of shares and provide for subscription, each at 117p per share, for the acquisition of an recognized pipeline of care houses.
The subscription shall be for as much as the sterling equal of €8 million.
The fundraise will put in direction of Impression Healthcare’s £169 million pipeline of acquisitions, with six portfolios comprising 27 separate care houses. Impression said it has current assets together with £70 million in accessible debt headroom and can use the brand new debt and new fairness for the completion of those alternatives.
Rupert Barclay, chairman of Impression Healthcare REIT, stated: “The portfolio continues to carry out effectively, benefiting from the over-arching defensive traits of the care dwelling market, as effectively our cautious collection of houses and tenants with confirmed monetary monitor data, sustainable rents and services which permit for a top quality of care.
“The funding supervisor has continued to construct a pipeline of funding alternatives that are according to the requirements of our current portfolio and permit for extra portfolio diversification with some thrilling asset administration alternatives. While fairness capital market situations stay difficult, this fundraise will enable us to safe quite a few engaging funding alternatives and develop our inflation linked lengthy leased REIT for the good thing about all stakeholders.”
Date printed: June 22, 2022
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