Tag: Property


Crown Care to invest £115m in care villages

Posted on February 16th, by geoff in Caring Times. Comments Off on Crown Care to invest £115m in care villages

North East operators Crown Care have announced plans for care villages and care homes throughout the UK.

The company has planning permission in place for three developments with others in the pipeline as the company embarks on major growth plans.

“We pride ourselves on providing thriving homes with a philosophy of care that puts the needs of our residents at the centre of everything we do and how we do it,” said Crown Care director Baldev Ladhar.

“We are investing more than £115m to deliver a nationwide portfolio of care facilities with the focus on the care village model – communities at the heart of the community where they are based.

“Crown Care is investing not simply in new homes but in taking the whole care concept to the next level. The company has attracted some of the leading clinicians and managers from across … Read More »


Heathcotes to develop supported living alongside residential services

Posted on February 7th, by geoff in Caring Times. Comments Off on Heathcotes to develop supported living alongside residential services

Specialist care provider Heathcotes Group is increasing its capacity to provide a full care pathway for service users with plans to establish independent supported living accommodation in every region where it operates.

The first of a series of new developments began in January with the construction of supported living apartments in Nottingham and Leicester for service users who no longer require full-time residential care.

Last year Heathcotes helped 25 individuals to move into a more independent setting and the company’s success in supporting service users to complete the transition has driven the decision to increase its provision of self-contained accommodation, which currently includes properties in Wakefield, Northampton and Stoke Mandeville Heathcotes managing director Brendan Kelly said the company was responding to the changing market and looking to develop more self-contained provision.

“This accommodation is available for individuals who have progressed through their care pathway, … Read More »


Healthcare property seen as an investor ‘sweet spot’ in 2018

Posted on February 1st, by geoff in Caring Times. Comments Off on Healthcare property seen as an investor ‘sweet spot’ in 2018

As much as £13.5bn of equity could be invested in healthcare real estate this year, according to the inaugural

Healthcare Investor Survey launched at the end of January by global real estate advisor CBRE.

The survey audited the intentions of the 50 major investors who dominate the market and own £16bn of assets between them. They range from healthcare REITs and institutional investors with healthcare exposure as well as those from the development sector and private equity community.

Of the key investors in the healthcare market, over three quarters (77%) defined themselves as a net buyer, as opposed to a net seller, which is not always the case in the investor market.

Tom Morgan, senior director, CBRE Healthcare, said that, with so much capital to deploy, and now armed with deeper and more extensive market knowledge, institutional investors were dramatically expanding the range of … Read More »


Kilgour invests in Aberdeen but says Scottish Government must properly fund public placements

Posted on January 31st, by geoff in Caring Times. Comments Off on Kilgour invests in Aberdeen but says Scottish Government must properly fund public placements

Entrepreneur Robert Kilgour has stepped-up investment in the Aberdeen operation of his Scottish Renaissance Care

business.

Work is about to start on a £2m refurbishment of the 35-bed Cowdray Club care home, a listed 19th century building in the Ferryhill area of the city. The 40-week contract, awarded to local company Morrison Construction, includes internal alterations and refurbishment to the existing building and a total refresh of existing facilities.

This comprises new mechanical and electrical installations, sanitary ware, alterations to room layouts, and new finishes to floors, walls and ceilings with redecoration throughout. Bedrooms will be equipped with new fittings and furnishings. Externally the works include hard and soft landscaping, car park enlargement and an accompanying refresh of the existing areas of the garden. The building fabric works include stonework, roofing and window repairs.

The home will remain open while these works are carried out … Read More »


Wales needs more care homes

Posted on January 25th, by geoff in Caring Times. Comments Off on Wales needs more care homes

Care Forum Wales chairman Mario Kreft says there’s an urgent need to build more new care homes in Wales to cater

for the boom in the over 85 population.

Mr Kreft says, however, that the number of care homes is declining instead of going up. He voiced the warning after a new report, A Place to Call Home: Impact & Analysis, by Older People’s Commissioner Sarah Rochira highlighted the lack of care home capacity in Wales. It follows on from a recent Parliamentary Review which contained a similar concern.

In her report, Ms Rochira said the Welsh Government had failed to take the action it promised in a number of key areas to drive up the quality of life of older people living in care homes. Mr Kreft said care homes were closing right across Wales because it is not financially viable to keep … Read More »


Regard acquires New Partnerships

Posted on January 19th, by geoff in Caring Times. Comments Off on Regard acquires New Partnerships

Further expansion has been announced by the Regard Group, the UK’s fourth biggest private provider of residential and supported living care for people with learning disabilities and mental health needs, with the acquisition of eight additional services previously run by New Partnerships.

Twelve new services were opened by Regard as part of its organic growth in the year to July 2017, when it also expanded its portfolio with the takeover of Shropshire-based Adelphi Care Services, bringing to 159 the total number of specialist residential and supported living services run by Regard nationwide.

Regard chief executive Sandie Foxall-Smith said the most recent acquisition was of an organisation whose culture and care values closely mirrored Regard’s own and would strengthen the organisation’s presence in Essex with eight extra services – six for supported living.

“Our guiding principle is that everything we do should come together … Read More »


One Housing to lease four retirement schemes from Frontier

Posted on January 18th, by geoff in CT Extra. Comments Off on One Housing to lease four retirement schemes from Frontier

Caring Times, December 2017

Frontier Estates, one the UK’s leading developers specialising in the healthcare sector, has completed a pre-let and forward funding agreement of four premium retirement homes.

Frontier were advised by Colliers International.

The four new schemes in Watford, Bedford, Flitwick and Letchworth will provide a total of 308 rooms for One Housing Group who have entered into new 30 year indexed leases on the properties which will be completed in 2019.

The deal cements One Housing’s expansion into the private care home sector with the development of their new, premium, private care home brand, Baycroft, a portfolio of luxury, state of the art care homes, dementia facilities and senior villages throughout London and the South East.

The new developments have been forward funded by Aviva’s REALM fund for a total commitment of approximately £70m.

Adam Lenton, Head of Healthcare for Colliers International commented “Working … Read More »


St Nicholas House acquired by RD Capital Partners

Posted on January 18th, by geoff in Caring Times. Comments Off on St Nicholas House acquired by RD Capital Partners

St Nicholas House, one of the biggest care businesses on the Welsh/Shropshire border, has recently been acquired by RD Capital Partners (RDCP Care) in a buyout deal leveraged by specialist business property adviser, Christie & Co.

The sale marks RDCP Care’s second acquisition this year following that of the Kings Bromley Home in Staffordshire, also brokered by Christie & Co.

Previously owned by Roger and Sheila Hill, St Nicholas House sits on the Welsh border in Churchstoke, Powys. The facility was established as a residential care home in 1986 and rebuilt in 2010 to extend its nursing and residential services to accommodate 49 residents.

The home consists of four communal lounges, two of which are dining rooms, as well as a hair salon. RDCP Care will be transferring the care home’s current staff. Managing Partner at RD Capital Partners LLP, Sameer Rizvi said: … Read More »


Legal & General acquires Renaissance Villages

Posted on January 10th, by geoff in Caring Times. Comments Off on Legal & General acquires Renaissance Villages

Financial services company Legal & General has acquired Renaissance Villages (RV) for a net purchase price of around £51m from Helical Plc.

The business will be integrated into Inspired Villages Group, which Legal & General acquired in August 2017. Legal & General says the acquisition of RV allows it to accelerate its later living plans by several years, both in terms of housing delivery and operational skills.

Arranged over four village schemes, located in Warwickshire, West Sussex, Devon and Hampshire, the RV business comprises around 700 homes, of which over half are already sold and occupied, with the remainder ready for sale or under construction. When combined, this brings Inspired Villages Group’s development portfolio to around 1,000 homes.

Inspired Villages Group will continue to seek to acquire several land sites per year. Legal & General chief executive Nigel Wilson said the acquisition was … Read More »


Hammerson House redevelopment begins

Posted on January 9th, by geoff in Caring Times. Comments Off on Hammerson House redevelopment begins

Work has begun on Nightingale Hammerson’s redevelopment of Hammerson House in North London.

The £36m redevelopment project will significantly increase the capacity of the home to 116 residents. Hammerson House sits at the heart of Hampstead Garden Suburb, which provided inspiration for the new design, using the natural woodland setting and the proven therapeutic benefits of natural light, as part of a life-enhancing holistic care programme for the home’s residents.

The new Hammerson House will provide 116 new resident en-suite bedrooms, to meet a range of different care needs, from residential care to advanced dementia and nursing care. Bedrooms are located within six distinct ‘households’ to encourage independence and choice for every resident, and helping them to become fully integrated in Nightingale Hammerson life.



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