Puma Property Finance has provided a £17m loan to Cinnamon Luxury Care to deliver a care home scheme in Thurnby, Leicester.
The 73-bed home will be built on a brownfield site and include 10 care suites. They will provide a bedroom with en suite wetroom and their own living room and kitchenette area. Amenities include shared and private dining areas, communal sitting rooms, a cinema, a hair salon and a café.
The care home will target an EPC A rating. Construction is set to begin in December, with practical completion planned for August 2026.
Tony Throp, director and head of healthcare at Puma Property Finance, said: “This marks our first loan to the group and will help to address the significant shortfall of quality care homes in the Thurnby area, in particular given that the majority of existing stock is 20-30 years old.
“With just 14,500 care beds having been delivered since 2020, there is still a huge need to deliver new, quality care homes that can help support the ageing population. We are looking forward to working with Cinnamon Care Group and building on this relationship in the future.”
Image from Cinnamon Luxury Care
Send feedback to Akanksha Soni
Follow Estates Gazette
