European healthcare real estate investment trust Aedifica has agreed a sale and leaseback with luxury care home developer Hamberley Development, for the newly completed Richmond Manor Care Home, in Ampthill, Bedfordshire
Under the deal Hamberley’s operating company, Hamberley Care Homes, has leased back the building over a 25-year period.
The 69-bedroom home includes luxury en suite bedrooms, a cinema, a café, a bar area, a hair and beauty salon with a nail bar, luxurious lounges and landscaped gardens and will welcome its first residents later this month
The home has also been designed with safety in mind in light of the Covid-19 pandemic and additional features include a Covid-secure visitation suite, in-built thermal imaging technology in the entrance lobby (to ensure all staff and visitors have their temperature taken daily) and a ventilation system which ensures air in public spaces is fully replaced four times an hour.
The home will also have hand washing and hand sanitising stations throughout for staff, residents and visitors.
The new development is Hamberley Care Homes’ eleventh home.
The group has a development pipeline of sites in Enfield, Dorking, West Byfleet, Bedford, Hailsham, Southampton, Eastleigh, Basingstoke, Brampton, Bristol, Keynsham, Edwalton and Cofton Hackett. It is also acquiring land and existing operating businesses and has more than £180 million of equity capital allocated for healthcare investment.
Daniel Kay, director of Hamberley Development, said: “We’re delighted to have agreed this deal with the Aedifica and Layland Walker [Aedifica’s UK asset manager] teams. The sale demonstrates the strength of our track record in delivering outstanding care home environments that are not only luxurious in design but also safe from an infection control perspective. Care homes like Richmond Manor set a new standard for Covid-secure settings, for which there is a rapidly growing demand.
“The team at Richmond Manor are excited to open the doors later this month and look forward to becoming invaluable and trusted members of the local community, helping residents create new memories while staying safe and connected to their loved ones.”
Hamberley Development is backed by Patron Capital. Keith Breslauer, managing director of Patron Capital, said: “With an ageing population and people living longer, there is growing demand for modern and attractive accommodation for older people in the UK. 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. Having successfully invested in and sold elderly care provider Gracewell and specialist care provider The Badby Group, we’re pleased to be backing the strong team at Hamberley Development as we look to fund assets in this space that improve the lives of older people and make a positive contribution to society now and in the future.”
Date published: August 14, 2020