The acquisition marks Stonehealth’s entrance into the health sector and they plan to grow their portfolio over the next 18 months. Stonehealth were also advised by ASA Group and Colliers International and funding was provided by Investec Bank.
Gavin Whitney, client partner and real estate lead on the transaction said: “We are delighted to be involved with Stonehealth’s initial steps into the healthcare space and are looking forward to working with them on future acquisitions.”
A spokesman for Stonehealth commented: “This was our first transaction with Fladgate and we were impressed by their diligence in getting the transaction over the line and with the leadership of the team by Gavin Whitney. The property and banking teams at Fladgate worked seamlessly together and helped coordinate the whole transaction including the offshore elements.”
The Fladgate team was led by real estate partner Gavin Whitney assisted by real estate finance partner Seetal Modi, real estate associate Jennifer Johnson and corporate associate David Baverstock.