Patron Capital has agreed a £16.5m sale of a luxury Bedfordshire care home to European Healthcare REIT Aedifica.
Its care home business Hamberley Development has completed the deal which will see it lease back the building for a 25-year period.
Richmond Manor Care Home in Ampthill, Bedfordshire comprises 69 bedrooms, with a cinema, cafe, bar, beauty salon, lounges and landscaped gardens. It will open to residents later this month.
Keith Breslauer, managing director of Patron Capital, said: “Covid-19 has particularly highlighted the importance of high-quality care and a carefully monitored environment, with Richmond Manor providing specifically designed facilities and technology to counter the spread of disease.”
Hamberley Development has a portfolio of pipeline schemes in London and the South East and is also activity acquiring land and businesses, with more than £180m of equity allocated for this sector.
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