News
Atelier funds new £20m Staffordshire home
Development finance lender Atelier has announced the completion of a loan to fund the development of a new 81-bed care home near Lichfield in Staffordshire. This is the third deal Atelier has completed
with care providers Macc Care Group and will become the 17th care home within the Macc Care Group portfolio. The new site will
provide nursing, residential, and dementia care to residents, delivering much needed later living accommodation to Lichfield and the wider Staffordshire area. Rav Kudhail, lending director at Atelier,
said: “We are pleased to support this scheme, structuring the facility above our usual leverage parameters in recognition of our strong relationship with this client. The first two schemes we funded together were both delivered ahead of programme and refinanced ahead of maturity, giving us the confidence to provide additional leverage on this project.” Naz Nathani, director at Macc Care Group,
commented: “The people at Atelier are a pleasure to work with, have a reassuring awareness of health care sector developments, and consistently demonstrate an ability to develop a deep understanding of the nuances of each transaction. This marks our third transaction together, and once again, their team has impressed us with their speed, flexibility, and ability to focus on what truly matters – from underwriting through to implementation.”
Lovett Care Group to deliver new Shropshire care home
Lovett Care Group is partnering with Royal London Asset Management to develop a new 71 bed care home in Market Drayton, Shropshire. Royal London Asset Management has
completed the acquisition of the site and will forward fund the development of the home, working in partnership with Lovett Care Group who will develop and operate the home. The home will provide high-quality
residential and dementia care, and will feature a range of amenities, including a beauty salon, cinema, café, and landscaped gardens. Designed to meet industry-leading sustainability standards – aligning with the ESG aspirations of Royal London Asset Management – the home will incorporate renewable energy solutions including solar panels, heat pumps, and smart energy systems. Construction is scheduled to begin this
autumn, with doors opening to residents in Spring 2027. Torsion Projects Ltd are appointed as contractors.
Keith Crockett, CEO of Lovett Care
Group, said: “We are delighted to be expanding into Market Drayton with this exciting new development. This home will not only deliver exceptional care but also set new standards in sustainability and innovation. By working closely with our partners, we are creating a Home where residents will thrive in a safe, modern, and welcoming environment, while also contributing positively to the local community.” Nick Short, healthcare fund manager
at Royal London Asset Management, commented: “Our strategy is focused on the delivery of care beds within modern purpose- built homes, working in partnership with best-in-class operators such as Lovett. Market Drayton represents our 24th acquisition and this agreement will facilitate the delivery of further high-quality and sustainable homes across the UK as we continue to create a robust, scalable portfolio that meets the growing social needs of the UK’s aging population.”
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www.thecarehomeenvironment.com October 2025
OakNorth completes £31m new build loan facility
A £31m loan facility from digital bank OakNorth will support the development of three new care homes in London, Staffordshire, and Lancashire. The loan to Broadwood LLSCF
Lending 1 Ltd, a real estate credit fund backed by Broadwood Capital and Aviva Investors, will enable the fund to deliver 250 care beds. The new purpose built homes will
provide meet the sustainability criteria required of Broadwood LLSCF Fund and are in locations where there is high demand for new build care homes. Priya Chauhan, director of debt
finance at OakNorth, said: “We have supported Broadwood since its inception, and have always appreciated the team’s depth of experience in development finance, their institutional approach to credit risk and underwriting, and their strong and efficient governance, which together ensures decisions are reached on a detailed and informed basis. Broadwood’s highly experienced principals, led by Dan Smith and James Tarry, have deep knowledge across all aspects of real estate development and investment finance, and just like at OakNorth, there is a focus on optimising customer outcomes. We look forward to continuing to support Broadwood on future transactions.” Broadwood Capital CEO Dan
Smith commented: “The UK’s rapidly ageing population, structural shortfall in specialised later living housing, and limited availability of construction finance, means there is significant growth potential in the Broadwood LLSCF Fund. OakNorth has been a long-term and supportive funding partner of ours and we value its commercial, entrepreneurial, responsive, and collaborative approach. OakNorth’s roots as a founder and entrepreneur-led bank align with Broadwood’s culture and approach, making them an ideal partner. We see this initial £31m facility as the first step in a larger relationship for Broadwood LLSCF Fund as we secure additional investor commitments for our strategy.”
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