Investor’s care home acquisitions expected to deliver £55m GDV

Northampton-based real estate development and investment company Barwood Capital has acquired five care home sites across the UK in partnership with development manager Perseus Land & Developments.

The sites are expected to deliver over £55 million in gross development value for Barwood’s 2017 Regional Property Growth Fund.

The five sites are located in the London Borough of Sutton, Surrey, East and West Sussex and Scotland and will deliver between 64 to 77 beds each.

Sales have already been agreed, subject to planning, on two of the properties.

Andrew Barlow, investment director at Barwood Capital, said: “Our exciting partnership with Perseus has seen the acquisition of these five key sites. We have invested where we believe planning can be secured for operators to build high quality care homes to meet the needs of elderly residents.

“We expect the care home and senior living sector will continue to expand as the market matures and the UK’s older population grows over the coming decades. Perseus’ extensive experience means that we have been able to identify those opportunities where we can invest in local communities while providing attractive investor returns.”