Rynda Healthcare acquires Edinburgh care home 

Cairdean House in Edinburgh has been acquired by specialist investor focused on care homes and senior living markets Rynda Healthcare from Nuveen’s Janus Henderson UK Property PAIF.

Cairdean House

The 90-bed care home provides full-time residential, nursing and specialist dementia care, is let to Care UK care homes operator.

The facility features communal lounges and dining spaces, a cinema room, private dining rooms, a café area and a beauty salon. There is also a central courtyard, terraces at each level, gardens and an area of woodland.

“We are delighted to have closed this transaction, adding to our portfolio another home centred around providing its residents with the best care,” said Rynda Healthcare chief executive Michael Walton. “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 at Cushman & Wakefield’s UK Healthcare, 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.”

Cushman & Wakefield advised Rynda Healthcare. The vendor was represented by Gary Phillips at Lambert Smith Hampton. Financial details of the transaction have not been disclosed.

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