A freehold development site with planning consent for a 70-bed home has been sold in Brentwood, Essex.
Home builder Fairview New Homes achieved outline consent for the care home scheme in August 2020 as part of wider detailed planning permission for residential housing. When built, the new home will form part of a new estate, Brentwood Acres, located close to Brentwood town centre.
In a deal brokered by Jordan Rundle at Christie & Co, the development site and care home scheme has been purchased by a national provider.
Rhys Davies, main board land director at Fairview New Homes Ltd, said: “Fairview are delighted to have completed the sale of the care home within our Brentwood Acres development.”
Jordan Rundle, care development and investment director at Christie & Co, added: “Fairview recognised a care home would be a complimentary neighbour to their high-quality residential development in addition to providing numerous social benefits, and employment opportunities for the local community. This will be an outstanding urban scheme once completed, and we continue to see robust demand levels for care development sites across the country, particularly within the M25 area where land supply is limited.”
