Orchard Street acquires purpose-built care home in off-market transaction

Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has acquired a purpose-built residential care home in Leamington Spa, Warwickshire on behalf of a pension fund client for £14.18m from Aprirose, a UK-based real estate investment company. The purchase price represents a net initial yield of 3.85%.