Alternative strategies considered for Ashbourne portfolio

Alternative strategies other than an outright sale of the Ashbourne portfolio – a legacy Southern Cross Healthcare portfolio originally owned by entities connected to London & Regional – continue to be evaluated by the Special Servicer including a break up for phased sale or a longer term hold in a bid to maximise the recovery for noteholders in two securitisations in a move that underlines the changing dynamics of the UK care home sector as an asset class.