Cinnamon Care Collection is to open a second care home in London following a deal brokered by specialist business property adviser Christie & Co.
Christie & Co handled the letting of the former Dowe House care home in Blackheath to Cinnamon Care on a 25 year lease on behalf of Merchant Taylors’ Consolidated Charities for the Infirm.
Bernard Wynne, director at Christie & Co who handled the deal, said: “We were delighted to assist such a renowned establishment and charity in leasing this care home to an increasingly established premium care brand.
“Cinnamon recently refurbished Leah Lodge which is also near Blackheath Village, acquired through Christie & Co on a leasehold basis. They continue to demonstrate that following extensive refurbishment, existing care homes can deliver the highest quality environment and care.”
Cinnamon Care will carry out a £2m refurbishment of the 41-bed home, which is set to reopen in 2017.
The group is an exclusive retirement operator with eight homes across the Midlands and the south of England.
Metro Bank recently provided £6.65m for the refinancing of Cinnamon Care’s 50-bed Hartwood House Care Home in Hampshire (see Metro Bank spices things up with Cinnamon deal).