£10,700,000 – Southeast England

Puma Property Finance is providing a new facility to the Care Concern Group for the development of a 70-bed care home in Selsey, West Sussex. The development, funded by a facility totalling £10.7 million, commenced in October 2022, and when completed will provide 70 beds, with 100% ensuite wet rooms, and amenities including a hair salon, a café and cinema rooms. The locality has a higher-than-average age profile, and a large undersupply of care beds with ensuite wet room provision, as well as a high proportion of older, outdated stock. The care home is to be completed in December 2023 and will be operated by Care Concern.