Care Property Invest has signed an agreement for the acquisition of the existing and fully operational Irish Skibbereen Residential Care Centre in Skibbereen, County Cork.
The project will accommodate 51 residents and has a total conventional value of approximately €7.5 million.
For the operation of Skibbereen Residential Care Centre, Care Property Invest will for the second time enter into a partnership
with Brookhaven Healthcare, a local Irish healthcare operator with over 40 years of experience in running residential care centres.
This will happen on the basis of a new long-term leasehold agreement of the ‘triple net’ type with a minimum duration of 25 years (renewable and annually indexable).
Peter Van Heukelom, CEO of Care Property Invest, said: “Signing the agreement to acquire this up-and-running residential care centre marks another step forward in Care Property Invest’s Irish growth trajectory.
“Additionally, we are pleased to partner with experienced healthcare operator Brookhaven Healthcare for the second time.
“We currently have seven effectively acquired residential care projects on Irish soil and aspire to further increase this number in the near future.”
Brookhaven Healthcare is the last remaining family-owned and family-managed independent healthcare provider in the Irish market with over 40 years of experience in running residential care centres.
It currently operates six residential care centres throughout Ireland, totaling 472 beds, and is closely integrated into the communities it serves, offering both premium long-term and convalescence care.
It is led by chairman and CEO, Tim Murphy, and is headquartered in Malahide, County Dublin.
With the addition of Skibbereen Residential Care Centre to its growing portfolio, Brookhaven Healthcare will increase its capacity to 523 beds across seven residential care centres.
Brookhaven Healthcare’s objective is to provide an enhanced quality of life to its residents by delivering an exceptional level of care as well as helping its residents to stay active and engaged with friends and families, recreational activities and their local communities.