Hamberley Development has agreed to forward sell and lease back a care home development in Hailsham, East Sussex, to European healthcare REIT Aedifica for £14.5m.
The 60-bedroom care home, which will feature a cinema, café, bar and beauty salon, is due to complete in the first quarter of 2021 and welcome its first residents in the spring.
It will also have a bespoke Covid-secure visitation suite, in-built thermal imaging technology in its entrance lobby and a ventilation system which will replace the air in public spaces every 15 minutes.
Hamberley Development’s operating company Hamberley Care Homes will lease back the building for more than 25 years.
The care home will be the twelfth developed by Hamberley Development, which is majority owned by Patron Capital, and the second sold to Aedifica.
The group currently has more than £180m of equity to invest in healthcare.
Keith Breslauer, managing director of Patron Capital, said: “We aim for our investments not just to deliver strong returns but also to have a positive impact on communities and individuals. With an ageing population and an increased focus on safeguarding older and more vulnerable people in society following the recent pandemic outbreak, our investments in the later living sector enable us to do just that. This deal reflects the exceptional quality and reputation of Hamberley’s developments and will free up funds to invest in further opportunities that are actively being sought out.”
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