New developments

Legal & General (L&G) has acquired three care homes from the Careplaces Fund, which is managed by Bridges Ventures in partnership with Castleoak, for £25.2m. The homes in Stratford-upon-Avon, Kidderminster and Stansted are rented by Care UK on 30-year leases providing a total of 187 beds. The deal, which L&G says represents a net initial…

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