Hill House Care Home in Malmesbury, Wiltshire has been sold to Bristol-based group Cedar Care.
Based in a nineteenth-century property, Hill House has been expanded from a boutique residential care home registered for 19 residents to include a new 42-bed purpose-built wing which sits alongside the original building.
Christie & Co managed the sales process, which saw the home sold to family-run care group, Cedar Care, which owns other homes in Bath, Bristol, and Cheshire.
The owners of Cedar Care, Ash and Minal Desai, said: “Hill House really is a very special care home, and we are looking forward to continuing with the high-quality of care that is provided to its residents.”
Christie & Co regional director Rob Kinsman added: “Having sold the business in 2008, it is pleasing to see our clients now able to retire from the sector and we would like to congratulate them for their contribution over the years. The sale to Cedar Care marks yet another exciting chapter in the group’s growth, and we have no doubt that Hill House will be in safe hands moving forward.
“We received multiple offers for Hill House and secured a figure substantially ahead of the guide price, underlying the strength of the market for quality care home assets and ongoing investor appetite for operational real estate.”