Charterpoint care home development sold to Cinnamon

Zina Fragkiadaki
May 30, 2022

Senior living developer Charterpoint has sold its care home development near Leicester to care homes operator Cinnamon Luxury Care for an undisclosed amount.

Following Charterpoint receiving planning permission and obtaining vacant possession, Cinnamon will now take the 73-bed residential care home development forward to construction.

It will feature a range of care accommodation arranged over three floors, including resident lounges, dining and relaxation areas, a cinema room, hair and beauty facilities, café and private dining, along with terraces and landscaped gardens. It will also feature car parking, including electric car charging points.

The scheme was designed by specialist care architect Edmund Williams, and is the latest in a long line of care home and senior living developments that Charterpoint has delivered.

Charterpoint managing director Giles Nursey said: “This first-class scheme will create an attractive care home for the area, which we identified as having a shortfall in purpose-built care home provision. It will also provide important local job opportunities. As an East Midlands-based senior living developer, Charterpoint is delighted to have sold the scheme to Cinnamon who will now take it forward to the development stage.”

A spokesman for Cinnamon said: “We are excited about the potential for this latest development at Thurnby and look forward to breaking ground before the end of 2022. The team has really enjoyed working with Charterpoint to acquire this site and look forward to partnering with Charterpoint on future developments.”

Jordan Rundle of business broker Christie & Co brokered the sale to Cinnamon. Law Firm Browne Jacobson advised Charterpoint on the sale. 

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