The livingstone brothers, two of the UK's biggest property investors, have put a £400m portfolio of care homes on the market in what could be one of the biggest property deals of the year.
The properties are leased to Southern Cross, the listed healthcare group which is also in the process of selling property to reduce debts. The brothers are selling their properties via their fund London & Regional. However it has been stressed that they have only been offered to a select group of investors.
The sale has come at a difficult time for the care home provider Southern Cross as it has had to extend its bridging loan facility of £46m for a second time.
Southern Cross is a provider of Care Homes in the UK, with over 720 care homes and 37,000 beds nationwide.