Barchester Healthcare has acquired a Hampshire development site with planning permission for a 62-bed care home from Newcore Capital Management.
The site in Otterbourne, close to Winchester, was granted consent in February for the home plus four apartments within a detached villa.
Newcore has retained the front portion of the site with consent for the villa.
The site, sold for an undisclosed sum, was formerly home to a pub.
Tom Robinson, a partner in Cushman & Wakefield’s healthcare team, which advised Newcore on the sale, said: “After some years standing vacant as a cleared site, we are delighted to see the former Captain Barnard take a step towards its future use as a prime grade, modern care home, supporting local development, employment and care demand.”
He added: “In these difficult social and economic times, it’s great to know that operators are confidently looking to the future via new development, whilst also managing the complexities of trading care homes through one of the most challenging eras in decades.”
Earlier this year Barchester acquired a 1.12-acre site with planning consent for a 75-bed care home in Fareham, also in Hampshire.
