Octopus Real Estate, part of Octopus Investments, has provided £40m of funding for three care homes in the Octopus Healthcare Fund’s portfolio of more than 100 homes.
The new care homes will provide more than 200 bedrooms, each with a private wet room, and have been funded as part of a strategic partnership with operator Torwood Care.
The sites are in Durham, Worksop and Bradford, and will operate under the Tanglewood Care Homes branding. The homes, which are being developed by Torsion Care, will be fully electric and include air source heat pumps and solar panels. All homes are targeting a BREEAM Excellent rating, contributing to the fund’s ESG performance and net zero targets.
These acquisitions mark sites three, four and five of a seven-home forward funding portfolio with Torwood Care, which is a joint venture partnership between Torsion Care and Tanglewood Care.
The three new homes are expected to open in the first half of 2026.
Nick Kempster, director at Torwood Care, said: “At Torwood, we believe that everyone has the right to live in a home that is fit for their needs, and we take great pride in providing quality care in comfortable, relaxed and homely surroundings. The developments we have funded with the Octopus team are a prime example of that commitment.”
Law firm Forsters acted for the fund on all three acquisitions.
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