Downing provides funding facility to Country Court

Charles Wheeldon
June 9, 2022
County Court

Investment manager Downing has agreed a £7.6 million funding facility to support elderly residential care operator and developer Country Court to develop a 69-bed modern purpose-built care home.

Downing stated that the loan represents the start of a new relationship for its development capital team with Country Court, which owns and operates 35 homes in England.

Torsten Mack, investment director at Downing said: “We are looking forward to working with the Country Court team on this development, supporting their growth plans and developing the relationship. Country Court perfectly represents the type of team we want to work with at Downing, as leaders in their respective sector with a strong track record in delivering high-quality care.

“This type of deal falls right into our sweet spot by providing investment to a nationwide provider of care with this particular site located in an underserved community.”

Downing stated it looks for initial investments of between £5 million and £50 million and focuses on sectors including healthcare, education, leisure and hospitality, housing, and other specialist sectors.

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