Tag: Property


Report points to looming crisis in nurse recruitment

Posted on July 20th, by geoff in Caring Times. Comments Off on Report points to looming crisis in nurse recruitment

The nursing shortage in the UK is becoming more acute, according to a sector analysis report published by commercial property specialists Christie & Co.

The report, Adult Social Care 2017: Funding, Staffing & the Bed Blocking Challenge, surveyed every local authority, using Freedom of Information requests, and more than 200 leading operators across elderly and specialist care in the UK in order to understand the ongoing, as well as new issues, faced by the care sector. Following on from reports over the previous two years, latest figures show that there has been a 3% fall in total registered nursing numbers for 2016/17 with a 23% rise in de-registrations leading to 17,000 permanently unfilled nurse vacancies across the UK.

Following the Government’s decision to axe NHS bursaries for student nurses from 2017, applications by students in England to nursing and midwifery courses at … Read More »


Regard group acquires Adelphi

Posted on July 13th, by geoff in Caring Times. Comments Off on Regard group acquires Adelphi

Shropshire care group Adelphi Care Services, which provides services to adults with learning disabilities, autism and challenging behaviour, is to become part of The Regard Group, the UK’s fourth biggest care provider.

Nine specialist residential and supported living services will become part of Regard, which was formed in 1994, and now has a staff of more than 2,200 operating at 150 sites around the country. The organisation currently supports more than 1,100 people.

Specialist property agents Carterwood were instructed by Adelphi shareholders to seek a suitable buyer for the business and played an integral role in facilitating the acquisition by Regard, which comes at a time when it is already experiencing significant organic growth, having opened 12 new services within the past 12 months, with a further 12 new openings planned by mid-2018.


Call for all new care homes in England to have sprinkler systems

Posted on June 29th, by geoff in Caring Times. Comments Off on Call for all new care homes in England to have sprinkler systems

In the wake of Grenfell towerblock fire, in which about 80 people died, care homes review website carehome.co.uk has called on the Government to make it mandatory for all new build and converted care homes in England to have sprinkler systems.

In Scotland and Wales, all new and converted care homes have to have sprinkler systems. However in England, there is no such legislation.

Davina Ludlow, chair of carehome.co.uk, said the Grenfell Tower fire was an absolute tragedy which must serve as a wake-up call.

“As a sector, we support hundreds of thousands of vulnerable people,” said Mrs Ludlow.

“Many people in care homes have mobility, vision and hearing problems, with some of them bed-bound and evacuating them in the event of a fire is hugely challenging.

“This is why we want all new and converted care homes in England to have the same fire … Read More »


Greensleeves Care acquires Glebelands care home in Wokingham

Posted on June 22nd, by geoff in Caring Times. Comments Off on Greensleeves Care acquires Glebelands care home in Wokingham

Glebelands, a 42-bed care home with nursing in Wokingham, Berkshire, has been acquired by not-for-profit provider Greensleeves Care, becoming the 21st member of the Greensleeves portfolio.

The sale of the home by the Cinema and Television Benevolent Fund (CTBF) is a key part of The CTBF’s change to its long-term strategy which involves a refocusing of its efforts to better support its members to meet their changing needs and lifestyles.


Sanctuary buys 35 care homes from Embrace

Posted on June 20th, by geoff in Caring Times. Comments Off on Sanctuary buys 35 care homes from Embrace

Housing and care provider Sanctuary Group has purchased 35 residential care homes and a supported living scheme from Embrace Group.

The homes are largely in Scotland and the North East, broadening Sanctuary’s geographical spread as the group’s 68 existing care homes are mostly in the Midlands and South. The purchase will bring the total number of bed spaces provided by Sanctuary Group to more than 5,300.

The 1,800 staff members in these homes will become part of Sanctuary Group which employs around 11,000 people at present.

Sanctuary’s Group chief executive David Bennett said the group’s existing portfolio had been assembled through a mixture of acquisition, development and self-build.

“As such, we have extensive experience of integrations of this nature,” said Mr Bennett.

“We believe that experience combined with a complete dedication to caring for older residents will ensure that these homes are seamlessly brought into … Read More »


Care homes are looking more attractive to investors, says Savills

Posted on June 16th, by geoff in Caring Times. Comments Off on Care homes are looking more attractive to investors, says Savills

According to the latest market update from Savills Healthcare, strong fundamentals combined with an ageing demographic in the UK has made healthcare, and in particular, care homes, a very attractive asset class.

The international real estate advisor notes that the long indexed income with either RPI or fixed uplifts have made an appealing proposition for investors struggling to find similar opportunities in the mainstream markets. In addition, care home yields have moved in significantly over the last five years and now fall in line with many other traditional commercial asset classes.

Savills healthcare team director Chris Wishart said the last 18 months had seen care homes achieve unprecedented yields with those let to annuity grade tenants and in excess of 30 years unexpired attracting interest of levels below 4%

“We expect this trend to continue with the care home market being put under … Read More »


Hill Care acquires six care homes from Four Seasons

Posted on June 2nd, by geoff in Caring Times. Comments Off on Hill Care acquires six care homes from Four Seasons

Derbyshire-based provider Hill Care has acquired six care homes from Four Seasons Healthcare.

The acquisition takes Hill Care from 19 to 25 homes, with more than 1,200 registered beds. The new homes are:

• Bannatyne Lodge, Peterlee

• Broadacres, Rotherham

• Pelton Grange, Chester-le-Street

• The Oaks, Northumberland

• Waverly Lodge, Newcastle Upon Tyne

• Bewick, Newcastle Upon Tyne


Clydesdale Bank backs Surrey provider to expand Woking care home

Posted on June 1st, by geoff in Caring Times. Comments Off on Clydesdale Bank backs Surrey provider to expand Woking care home

Guildford based Geoghegan Group has secured a £13m funding package from Clydesdale Bank to support the development of a new residential care

home, to be built on the site of an existing Geoghegan property in Woking, expanding provision from 39 beds to 57.

The family owned group specialises in residential and nursing care for elderly people and also offers a short-term, private post-operative care facility, with patients receiving physiotherapy and hydrotherapy to assist with recovery.

The Woking project will involve careful phasing of building work over the course of two years to ensure minimal disruption to current residents. Employee numbers are set to increase, with the development creating 20 new jobs, taking the total number of staff to 80.

The broker for the deal was Chris Babington from Hervines Capital.


CBRE advises Gold Care Homes on sale and leaseback

Posted on May 25th, by geoff in Caring Times. Comments Off on CBRE advises Gold Care Homes on sale and leaseback

Global real estate advisor CBRE has advised Gold Care Homes on the sale and leaseback of 18 care homes for about £90m to an overseas real estate investor.

Established in 1999, Gold Care Homes has since grown to operate 21 care homes through development, mergers and acquisitions. The homes are located throughout southern and central England, and focus on the private and public pay markets. The transaction involves 18 of the homes, located mainly in Southern England and Birmingham. The remaining homes will be operated outside the sale and leaseback agreement.

CBRE’s Peter Farnes said the this latest transaction showed the continued appetite from international investors for UK healthcare assets and the elderly care market.

“This underscores the growing investor demand to grow and develop regional care businesses and benefit from index linked returns,” said Mr Farnes.

“The transaction provides Gold Care Homes with … Read More »


Sanctuary buys three care homes from LNT

Posted on May 24th, by geoff in Caring Times. Comments Off on Sanctuary buys three care homes from LNT

Housing and care provider Sanctuary Group has purchased three care homes from LNT Care Developments.

he homes, which will be built in Pensby in Merseyside, Nantwich in Cheshire and Devizes in Wiltshire, are ‘turnkey’ properties, which means Sanctuary will take on ownership and management once they are built and fitted out. Their locations have been carefully selected to dovetail with the group’s existing care homes, which are managed by the group’s subsidiary Sanctuary Care.

Sanctuary Care runs 68 homes around the country,most of which are in the midlands and south, serving thousands of residents. The Pensby home will have 60 bedrooms and is due to open in January 2018, the Nantwich home, also 60 beds, is due to open in April 2018 and offering 66 bedrooms, the home in Devizes is due to open in July 2018.

The three new homes will be … Read More »



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