HCP REIT buys £175m of Barchester debt

Specialist international investor HCP healthcare REIT has bought what is believed to be £175m of care provider Barchester’s junior debt from Project Isobel.Project Isobel, a joint venture between the Royal Bank of Scotland and Blackstone, sold its 30% stake in Barchester’s junior debt to the REIT last month. A Barchester spokesman told CCMn that Barchester…