Franklin Real Asset Advisors has purchased 32 care homes from LDC Care Homes, a real estate property portfolio advised by Elevation Advisors.
M&ACategory: Real estate
The Assura saga continues as its board, alongside PHP’s board, has announced the terms of a recommended combination of the two companies.
M&AA new state-of-the-art healthcare facility, part of a £500m transformation programme for University Hospitals Dorset NHS Foundation Trust, has been completed in Bournemouth.
Real estateConstruction has been completed at Coronation Court, a 33-bedroom care home in Cannock, Staffordshire.
Social careParklands Care Homes has opened Pittyvaich Care Home in Inverness, an £11 million 58 en suite bed purpose-built care facility.
Social careHealthcare real estate transactions in the UK reached £3.2 billion in 2024, the highest figure seen since 2020, according to property advisor Knight Frank.
Market reportsAssura has confirmed that the boards of Sana Bidco and Assura have reached agreement on the terms of a recommended best and final cash offer.
M&AHCA UK has launched a £1.8m expansion of the Portland Hospital Outpatient Centre in Hale, Greater Manchester.
Secondary careThe Employees Provident Fund (EPF) is preparing to sell a portfolio of 12 UK private hospitals valued at around £1.4 billion.
M&AUS investor CareTrust REIT has officially announced its acquisition of Care REIT, marking its entrance into the UK market.
M&AAssura has adjourned a shareholder meeting scheduled for 5 June, which was set up to discuss the Sana Bidco offer for the firm, following a firm offer from PHP.
M&ACygnet Health Care has acquired a former nursing home in Hyde, Greater Manchester.
Social careConstruction works at £17 million extra care housing scheme in Stirchley, Shropshire have been completed and will soon welcome its first residents.
Real estateThe board of Assura has said it is reviewing a firm takeover offer from PHP.
M&ACare home developer and provider MACC Care Group has secured £14 million to fund the development of a new-build care home in Codsall, Staffordshire.
Real estateUS-based real estate PE firm Madison International Realty has taken a 24.5% stake in Puma Property Finance Limited.
M&AThe chair of Assura has sent shareholders the full terms and conditions of the recommended cash offer by Sana Bidco, a company owned by KKR and Stonepeak.
M&AAssura and Sana Bidco Limited (a company wholly owned by funds advised by KKR, Stonepeak, and affiliates) have reached an agreement on the terms of a recommended cash offer.
M&AA development site in Brockworth, Gloucester, has been sold with full planning consent for a 66-bedroom care home.
Real estateUK real estate investment manager Newcore Capital has achieved first close on its £375m core-plus fund the ‘Newcore Social Infrastructure Income Fund’.
In other news...The board of Assura has received a revised indicative proposal from Primary Health Properties (PHP). If an offer is made and accepted, the merged group would be the eight largest UK listed REIT.
M&ADevelopers and operators are being urged to build more care homes across the country as a new report reveals a growing shortfall in bed numbers and issues with existing buildings.
Real estateMental health company Cygnet has acquired three specialist care homes previously operated by Oakview Care Services.
Social careA new care home is set to open in Doncaster next month, supporting adults with complex mental health needs, dementia, neuro-disabilities and physical disabilities.
Social careLondon-based Care REIT¸ which invests in a portfolio of healthcare real estate assets, has agreed terms on a deal to be acquired by the New York-listed CareTrust REIT.
Real estateHartford Care has acquired a residential care home site in Eastleigh, Hampshire to be developed by Highwood Group.
Real estateHealthcare real estate investment trust Assura has exchanged on the disposal of seven assets for a gross consideration of £64 million.
Real estateReal estate advisor CBRE has appointed Sarah Livingston as head of its UK healthcare sector.
Real estateAffinity Care Consortium has purchased Asquith Hall Care Home in Todmorden, West Yorkshire.
Real estateElevation Development Partners has completed the development and sale of three new-build care homes to Pierval Santé, a real estate fund of Euryale, a European asset manager.
Real estateBoutique Care Homes secured planning permission from Dover District Council yesterday to build Catherine Grove care home in Deal, Kent.
Real estatePreferred Homes has completed its £16.3 million Hunslet Moor House development in Leeds, comprising 63 self-contained apartments.
Real estateKara Healthcare has acquired six care homes in the Northeast from administrators and lender ThinCats, alongside another from family-run operator Peterborough Care.
M&AZephyr X has taken out an £8.8 million bridging loan to support a purpose-built 70-bed care home and seven supported living apartments in Blackburn, Lancashire.
Real estateBusiness property advisor Christie & Co has appointed Emily Brown as a senior consultant in its healthcare consultancy team.
Real estateElevation Healthcare Properties has acquired land and agreed forward funding to support the development of a care home in Otley, Yorkshire,
Real estateElevation Healthcare Properties has acquired land and agreed forward-funding to support the development of three new purpose-built care homes.
Real estateSenior Living Investment Partners, a partnership between Pension Insurance Corporation and Octopus Real Estate, has announced an investment via its joint venture with Elysian Residences.
Real estateStrong Life Care has purchased two purpose-built care homes: The Beeches in Armthorpe, South Yorkshire and Tenlands in Ferryhill, County Durham.
M&AIntegrated retirement community operator Wallacea Living has appointed Nazish Shaikh into the newly-created role head of HR.
Real estateHamberley Care Homes has signed a 30-year lease deal with Belgian healthcare real estate investment trust Aedifica’s UK division for a new luxury care home site.
Real estateA review of more than 100 integrated retirement community schemes has revealed continuing shifts in operator strategies,
Market analysisProperty developer Zephyr X has acquired a site for a new senior living development in Kidderminster, Worcestershire.
Real estateProperty group Eddisons has appointed Kate Deakin as a director in its valuation team based in the company’s Manchester office.
Real estateElevation Healthcare Properties has completed the sale and leaseback of Henbrook House care home in St Neots, Cambridgeshire, which is let to Connaught Care.
Social careSmart Care Homes has acquired Mannamead Care, a group of four care homes and an independent living unit in Plymouth, Devon.
M&AAssura announced pre-tax profit of £77.1 million for the six months ending 30 September 2024, compared to a net loss of £17.8 million reported for the same period last year.
Company resultsInspired Villages is to develop a retirement village in Stamford, Lincolnshire.
Real estateA Qualia Care home, St Mary’s Nursing Home in Moston, Manchester, has been sold to Vriddhi Investments on behalf of the administrator Griffins.
M&AChristie & Co has appointed Andrew Fyfe as an associate director in its care team in Scotland, to handle key healthcare transactions across Scotland.
Real estateDevelopment finance lender Atelier has provided a £23.6 million facility to develop a vacant purpose-built 119-bed care home in London.
Real estateSocial infrastructure real estate investment manager Newcore Capital has acquired 15 assets in the primary healthcare sector.
M&AHartford Care has entered into a partnership with construction firm Highwood Group to develop a residential care home in Fordingbridge, Hampshire.
Real estateAlternative lender Broadwood Capital has secured backing from asset manager Aviva Investors for a dedicated sustainable later-living credit fund.
Real estateLovett Care has acquired luxury care home developer and operator New Care for an undisclosed sum.
M&ASire Capital Partners, a London-based real estate investment manager, has acquired a portfolio of four UK dental properties on behalf of one if its private client investors.
M&AProperty developer Zephyr X has purchased and commenced groundworks for a senior living development in Bishop’s Waltham, Hampshire.
Real estateInternational alternative asset fund management group Bridgepoint has sold care home provider Care UK which it bought in 2010.
Real estateSignature Senior Lifestyle, in partnership with Elevation, has completed the debt financing and construction agreements to support the development of three wholly-owned sites.
Real estateNursing and care home operator Country Court has sold a portfolio of three care homes for around £50 million.
Real estateElevation and Anavo acquire Hampshire care home site Real estate fund Elevation Healthcare Properties, in partnership with care home operator Anavo, have acquired a site with planning consent for a care home in Havant, Hampshire.
M&ABusiness property advisor Christie & Co has been instructed to sell a care development site in Northwich, Cheshire.
Real estateRowlinson has been appointed as contractor to build St Thomas’ Gardens, a multi-generational residential community in Stockport, Greater Manchester..
Real estateOakNorth Bank has provided a £2.25 million loan to a new joint venture between Kyte Property and Grosvenor Hill.
Real estateChristie & Co has launched its ‘Care market review 2024’ report, which analyses the UK healthcare business market.
Market analysisMidlands Care has acquired three purpose-built care homes in Leicestershire.
M&AFulcrum Care has acquired four Scottish care homes on long-term leases from Impact Healthcare REIT.
Real estateThe Healthcare Management Trust has acquired St Quentin Care Homes.
M&ACare home operator, Curo Care Group, has purchased two care homes in Stockport, Greater Manchester, and a further two in Cumbria.
Real estateBusiness property advisor Christie & Co has appointed Chris Lekkas as an associate director within its dental team, based in London.
Real estateGrowth capital investor BGF stated it has generated a strong ROI in care village provider Springfield Healthcare Group, as it exits the partnership with a sale of six care villages.
M&AAssura has appointed Steven Noble to the newly created role of chief investment officer.
Real estateMuller Property Group has acquired a 1.35-acre site in South Normanton, Derbyshire.
Real estateProperty developer Zephyr X has secured £20 million in loans from Puma Property Finance to finance two new build care homes in Southeast England.
Real estateA joint venture between property development company Barcroft Estates and an unnamed global investment company have purchased a 70-bed care home scheme.
M&AMysa Care, a care provider backed by investment manager Downing, has completed three acquisitions.
M&AImpact Healthcare REIT has reported pre-tax profit of £26.3 million for the first six months of 2024.
Company resultsA residential care scheme designed to promote and maximise independent living has completed in London, providing 70 new homes.
Real estateExemplar Health Care, a provider of nursing care for adults with complex and high acuity needs, has opened Woodside Place care home in Telford, Shropshire.
Social careMcCarthy Stone has exchanged contracts with Newcastle-under-Lyme Borough Council to proceed with a housing development in the Ryecroft area of the Staffordshire town.
Real estateLater-living developer-operator Untold Living has appointed Henry Sumner as chief financial officer.
Real estateOptimo Care Group has acquired supported living and specialist care provider CFT Care.
M&ACinnamon Care Collection’s latest care home, Oakley Grange in Bishop’s Tachbrook, Warwickshire, has been completed.
Real estateMcCarthy Stone¸dge, South Glamorgan, from property firm Mercian Developments.
M&AAvery Healthcare’s latest purpose-built care home Waterhouse Manor Care Home in Peterborough, Cambridgeshire, has been completed.
Real estateAffinity Care Consortium has acquired the Silver Birches care home in Solihull in the West Midlands with the support of a seven-figure funding package from HSBC UK.
M&AVshans Care has purchased two care homes in Clwyd: Bryn Marl Nursing Home in Llandudno Junction, and Coed Isaf Nursing Home at Lllanrhos, near Llandudno.
Real estateUntold Living is developing a 77-unit integrated retirement community in Newport, Shropshire
Real estateConnaught Care Collection is opening Meadowbrook, a new luxury care home in Bishop's Stortford, Hertfordshire
Real estateCare sector joint venture development company Mercroft Estates is bringing two elderly care home schemes to the market.
Real estateCare home developer, Simply UK, has secured planning permission from the London Borough of Hillingdon for a 60-bed care home in Uxbridge, Greater London.
Real estateAria Healthcare Group has acquired Surbiton, Surrey-headquartered Future Care Group, adding a further 18 homes to its portfolio.
M&ACare home operator Yorkare has opened a new £10 million care home in Haxby, North Yorkshire.
Real estateImpact Healthcare REIT has sold five of its non-core care homes for £8.8 million.
Real estatePrivate equity and credit firm Warwick Capital Partners has acquired a majority stake in Danforth Care Homes.
M&AThe Stepping Stone Group has received a £7.3 million three-year funding package from Broadwood Capital, arranged and structured by capital advisor Arc & Co.
Social carePGIM Real Estate has acquired senior housing operator Signature Senior Lifestyle in partnership with Elevation Advisors.
M&AArchitectural practice Holmes Miller has received planning approval for three new care homes in Scotland.
Real estateBusiness property advisor Christie & Co has appointed Hannah Haines as its new head of healthcare consultancy.
Real estatePuma Property Finance has promoted Tony Throp as the business’s first head of healthcare to expand corporate lending franchise across the UK.
Real estate