News


Impact Health REIT picks up six-pack in UK care home deals worth £21.25m


Impact Health REIT has completed the acquisition of six UK homes comprising 370 beds for a total consideration of £21.25m. The company has bought three homes in


Northern Ireland with a combined total of 193 beds from Electus Healthcare for £7.7m. Two of the homes are located to the south


of Belfast and the third is in the coastal town of Donaghadee. Impact has committed £1.2m of capital


expenditure or just over £6,200 per bed, to refurbish the homes. The investment will include works to improve the energy efficiency of the homes in line with Impact’s ESG policy. The initial annual rent has been agreed at


£693,000 and, following the capital expenditure, will increase to £801,000. Electus has entered into new leases that


have fixed 25-year terms with no break clauses. The rents receivable under the leases will be


subject to annual, upward-only rent reviews linked to RPI, with a floor of two per cent per annum and a cap of four per cent per annum. Impact also picked up the 51-bed Blackwell


Vale care home near Carlisle for £1.05m from Mariposa Care Group, and will commit £1m of capital expenditure in return for an increase in rent to £167,000 from April 2022. The initial rent will be £85,000. Impact has appointed its existing tenant,


Careport, as the new tenant of Blackwell Vale. Careport now operates nine homes for Impact with a total of 472 beds. Elsewhere, Impact has acquired the 47-bed


Mavern House nursing home in the Wiltshire village of Shaw near Melksham for £5.1m. Impact has appointed one of its existing


tenants, Welford, as the new tenant of Mavern House. Welford now operates seven homes for Impact with a total of 340 beds. Over the next 18 months, the home is to be


extended with a net additional six beds at a cost of around £600,000 in return for an increase in annual rent to approximately £437,500 from July 2022. The initial annual rent will be £387,500. Impact has also completed the acquisition


of St Peters House, a 62-bed care home in Bury St Edmunds managed by Welford, for £7.4m as announced last September.


Savista Developments kicks off


hunt to recruit a five-star cast Care home construction company Savista Developments is recruiting for five senior positions as part of its long-term expansion plan. Savista Developments, which builds and


fits out care homes and retirement villages for sister companies Hallmark Care Homes and Santhem Residences, is seeking a head of technical, head of planning, head of commercial, head of construction, and marketing manager to support their planned growth. The majority of the Hallmark family


group’s sites in the pipeline are located in and around London and south-east England, and there are currently a number of outstanding projects ranging from care homes to retirement villages incorporating assisted living properties. “Savista Developments has a number


of fantastic projects in the pipeline which will allow us to deliver some of the leading care homes and retirement villages in the country,” said Savista managing


News inbrief


n Flintshire County Council is to open a £9m, 32-bed extension of its Marleyfield House care home in Buckley in June and is due to open imminently the £8.5m Plas yr


Ywen extra care scheme in Holywell. ....................................................................................


n LNT Care Developments has won approval from Dorset County Council to build a 66-bed care home near Weymouth


Football Club. ....................................................................................


n New Care has opened the £15m Cheadle Manor care home in Cheadle in Greater Manchester consisting of 68 ensuite


bedrooms. ....................................................................................


n Telford & Wrekin Council has granted consent to Bondcare 5 for the construction of a 77-bed care home in


Dawley in Shropshire. ....................................................................................


n Barchester Healthcare has been given the green light by Winchester City Council


to build a 62-bed home in Otterbourne. ....................................................................................


n Castlemeadow Care has submitted plans to East Suffolk Council to build an up to £30m care and sports complex in Halesworth featuring a 54-bed home and


100 extra care apartments. ....................................................................................


n Montpelier Estates has kicked off construction of a 78-bed care home and 15 extra care apartments in Leamington Spa, Warwickshire. Operated by Berkley Care Group, the complex is slated to open


in spring 2022. ....................................................................................


n LNT Care Developments filed plans with South Holland District Council to build a 66-bed care home in Holbeach near


Spalding in Lincolnshire. ....................................................................................


n Audley Group has appointed Graham to lead the construction of the £80m Audley Fairmile retirement village in Cobham in


Surrey. ....................................................................................


director Avnish Goyal. “Our rapid growth has been the result


of a hardworking and dedicated team, driving our vision to be the leading developer of exceptional environments, delivering innovative solutions for later living lifestyles, and we welcome individuals who share our vision for construction to come and work with us,” he added. For more information about the roles


and to apply, email Savista people and performance business partner Veera Marshall at Veera.Marshall@Savista.co.uk.


February 2021 • www.thecarehomeenvironment.com


n Glasgow-based later living developer Simply has filed plans with Angus Council


to build a 60-bed care home in Brechin. ....................................................................................


n Scottish Borders Council has approved the introduction of £28,500 payment threshold for social care support from April 1, almost double the originally


suggested £16,000. ....................................................................................


n George Eliot Hospital NHS Trust has filed plans with Nuneaton and Bedworth Borough Council to build 53 one-bed and 18 two-bed extra care apartments on the site of Nuneaton's hospital.


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