High end investor announces new developments

Pine Martin Grange, ACC's first development, opened in AugustPine Martin Grange, ACC’s first development, opened in August

High end investor and developer Albion Care Communities (ACC) is opening two care homes in Abergavenny, South Wales and Hereford, Herefordshire.

The 70-bed homes, which are due to open in early 2019, include a cafe, gym, cinema room, hairdressing salon, dedicated activity spaces and extensive landscaped gardens. The homes will provide residential, nursing and dementia care.

Mike Parsons, Chairman of Albion Care Communities and Founder of Barchester Healthcare, said: “We are excited to commence development of our third and fourth care homes. Our strategy is to become the care home of choice in each locality and our two homes in Abergavenny and Hereford will be no exception, combining innovative design and extensive high end facilities. Both homes will provide exceptional levels of personalised care services to residents and will be a hub for the local community.”

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ACC opened its first development, Pine Martin Grange, a 64-bed purpose-built cared home in Wareham, Dorset in August.

ACC has 271 beds currently in operation or development and has raised approximately £50m in debt and equity funding, as well as having further access to finance to support its expansion programme.

The business was founded in 2016 by a team with significant experience of developing, commissioning and operating private elderly care homes, combining over 100 years of health and social care experience.  Its principal shareholders are the management team and partners of Albion Capital LLP, a fund manager with a long record of successfully backing fast growing companies.

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