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£11m facility to fund the development of a new build care home in Selsey
Southeast England
LOCATION
Care home
SECTOR
Development loan
LOAN TYPE
Overview
Puma Property Finance has provided another 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, provides 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profile, and a large undersupply of care beds with ensuite wet room provision, as well as a high proportion of older, outdated stock.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 was completed in December 2023 and is operated by Care Concern.
Figures are subject to rounding.