The property is in the north west of Bristol city centre, and is currently let on a long lease to Bupa Care Homes. 

 

LXI REIT Advisors funded this acquisition using a loan from Scottish Widows. 

 

John White, partner of LXI REIT Advisors Ltd, said: "We are pleased to have completed this off-market acquisition which is accretive to the company in terms of yield, lease length, rent review profile and tenant strength.

 

"The initial yield of 6.4 per cent is over 340 basis points higher than the cost of our long-term debt facility which is funding the purchase.

 

"The company remains well positioned with an excellent platform and investment pipeline of secure, long-let index-linked real estate assets to deliver attractive inflation-protected income and capital returns to our shareholders."

 

Source: Insider Media South West

 

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Between care workers clocking in and out for their shift to contract workers coming in for maintenance or assigned medical check-ups, it can be difficult for care home managers to have a clear idea of who is in the building. This is vital information not only for the security and reputation of the care home, but also for visitors’ safety in situations such as fire alarms. 

 

Our time and attendance system records everyone’s entrance and exit from controlled doors, using either smartcards or the more expensive but more secure biometric measurements of hands or fingerprints. 

 

When our time and attendance clocking terminals are linked into your company’s fire alarm system, any fire alarm activation will result in the printing of a fast, automated list of who is currently clocked into the building. This is more accurate than a paper sign-in sheet.

 

All the data from our system on when people went through controlled doors is exportable onto all major payroll programmes. We also have the Self Service Module, which can be accessed from a browser or from your mobile via the app (available on Android and iOS). This enables employees to sign in and out and request holiday. 

 

If the clocking in/out is done from a mobile, the information is transferred to the central Tensor.NET application, including GPS position data so that you can make sure your employees, such as community carers, are where they should be at that time.