Overview

£20m in loans (£13 and £7m) to Zephyr X to deliver two new care homes in the South-East. Both schemes will provide new build homes in locations with significant shortfalls in care beds – Reigate, Surrey and Whitchurch, Reading.

The £13m loan will deliver an 80-bed all electric new care home in Reigate, Surrey, the site of a former independent hospital. The new home will include amenities such as a hairdresser, cinema/entertainment room, private dining room, café area and a gym. With 100% wet room provision the new home will address the significant shortfall in the well populated Reigate area with only 25% of the existing supply having been built since 2000 and a 474 wet room shortfall¹. Construction is underway and the care home is expected to reach practical completion in December 2025.

The £7m loan will deliver a new 45-bed care home in Whitchurch, Reading to address significant demand in the area. In particular, there is a notable shortfall in ensuite wet rooms, with only 29% of the existing supply providing this product. The new care home is being built in a well populated area where the demand for care beds exceeds 800 per 100,000 people¹. The home will offer all ensuite wet rooms, plus extensive amenities for residents including lounges, dining rooms, therapy room, hair salon plus a café/bistro. Construction is progressing and the care home is expected to reach practical completion in January 2025.

Puma has now supported Zephyr X on four care home developments.

¹ Carterwood data

Figures are subject to rounding.