Specialist real estate lender Octopus Real Estate has announced a strategic partnership with Anavo Group to fund the development and operation of care homes across the UK.
The partnership has launched with the acquisition of Mount Hermon Care Home, a brand new 66 bed care home in Lancing, West Sussex, currently being developed by Anavo and due to open in early 2024, and Brampton Lodge, a 60 bed home in Warrington that Octopus recently acquired from Safe as Houses Ltd Investment PLC.
Octopus is funding the development of the Lancing home to the tune of £15m. Anavo will operate both homes on 35-year indexed leases.
Chris Wishart (pictured), care home origination director at Octopus Real Estate, said: “Anavo Group is a highly regarded operator in the UK care sector, so we are delighted to work alongside them on these two care homes, and to enter into what will no doubt be a successful long-term partnership. At Octopus Real Estate we make a point of investing in exceptional modern, purpose-built health and care facilities that we would choose for our loved ones, and these homes are no exception.”
Anavo Group director Edward Moore added: “We’re delighted to announce these deals with Octopus Real Estate. The team at Octopus has a deep understanding of the care sector, and this partnership will allow us to further develop our portfolio and provide exceptional service to residents across the UK. Our care homes aim to enhance quality of life, treat people as individuals and enable residents to maintain their personal choices and independence. We pride ourselves on providing a warm, friendly and homely environment where residents are cared for with dignity and compassion, values that I know we share with Octopus.”