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 in September 2025, 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.”
