Octopus Real Estate is investing £35 million (€41 million), on behalf of its UK healthcare property fund, to finance three elderly care homes as part of a partnership with operator Acacia Care.
The homes, located across sites in Leicestershire and Norfolk, will provide over 200 beds to Octopus Healthcare Fund’s (OHF) portfolio of more than 100 homes.
Two of the homes, which are currently being constructed by Synergy Care Developments are due to complete in 2025, when Acacia Care will operate each home on a long-term lease.
Source: realassets.ipe.com on the 14th of February