European healthcare real estate investment trust Aedifica has acquired a 60-bedroom care home in Hailsham, East Sussex, due to be completed in the first quarter of next year from luxury care home developer Hamberley Development, which is backed by Patron Capital.
Under the deal Hamberley’s operating company, Hamberley Care Homes, will lease back the building from Aedifica for 25-years.
The home will have en suite bedrooms, a cinema, Café, bar area, a hair and beauty salon with nail bar, luxurious lounges and landscaped gardens. Additional features include a Covid-19 secure visitation suite, in-built thermal imaging technology in the entrance lobby (to ensure all visitors to the home, including staff, have their temperature taken daily) and an optimised ventilation system which ensures air in public spaces is replaced every 15 minutes. The home will also have hand washing and hand sanitising stations throughout for staff, residents and visitors.
The new development be Hamberley Care Homes’ twelfth home. It also has a development pipeline of sites in Basingstoke, Bedford, Brampton, Bristol, Bromsgrove, Camberley, Cambridge, Dorking, Eastleigh, Enfield, Edwalton, Keynsham, Southampton and West Byfleet. The group says is also actively acquiring land and existing operating businesses and has more than £180 million of equity capital allocated for healthcare investment.
Last month Hamberley Development sold its newest care home, the 69-bedroom Richmond House, in Ampthill, Bedfordshire, to Aedifica in a sale and leaseback transaction.
Tim Street, director at Hamberley Development, said: “We’re delighted to agree to this commitment with the Aedifica and Layland Walker [Aedifica’s UK asset manager] teams so soon after our first deal last month. This forward purchase agreement, for our Hailsham development, shows the strength of our reputation for delivering the highest-quality care environments, on time and on budget.
“The Hailsham home will meet the very highest standards for safety and infection control and sets a new benchmark for Covid-secure care settings. We are proud to be able to deliver both luxury and safety, without compromising on either front.”
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.”
Date published: September 25, 2020