RYNDA Healthcare has announced the acquisition of a 90-bed care home in Edinburgh from Nuveen’s Janus Henderson UK Property PAIF.
Cairdean House is let to Care UK. The facility was purpose built in 2013 and designed by BPA Architecture. The home provides full-time residential, nursing and specialist dementia care, as well as short-term respite.
The 90 en-suite bedrooms are arranged in 10 bed apartments, across three wings, connecting to a central hub. As well as communal lounges and dining spaces, residents have access to a cinema room, private dining rooms, café area and beauty salon. Outside space includes a central courtyard, terraces at each level, gardens, and an area of woodland.
Rynda Healthcare is a specialist investor focused on the care home and senior living markets. Michael Walton, chief executive, said, “We are delighted to have closed this transaction, adding to our portfolio another home centred around providing its residents with the best care. We are intent in building long term relationships with a range of selected developers and operators whose business growth we look to support for the long term.”
Vincent Farrow, partner in Cushman & Wakefield’s UK healthcare team, added, “It was a pleasure to act for Rynda Healthcare in this acquisition – a dynamic new investor in the sector. Cairdean House is an established and well-regarded care home in a fantastic Edinburgh location, tenanted by a strong national operator and built to a design standard which was ahead of its time.”