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Aedifica announces £25m construction of two Northamptonshire care homes

Stefaan Gielens IIII

European healthcare real estate investor Aedifica is investing £25m in the construction of two care homes in Corby and Wellingborough, Northamptonshire.

The purpose-built 66 en-suite bed care homes will be operated by Halycon Care Homes, which is 60% controlled by Lawrence Tomlinson and his associates, who control the LNT Group – a major developer and operator of care homes in the UK. They are being built by LNT Group.

Stefaan Gielens, CEO of Aedifica, (pictured) said: “These two new builds mark over £200 million of commitments made by Aedifica since entering the UK.”

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The buildings developed by the LNT Group will use energy-efficient systems, such as ground source heat pumps, contributing to the continued improvement of the sustainability of Aedifica’s real estate portfolio.

Construction work on the care homes has already started with the Corby home expected to be completed in the fourth quarter of 2021 and the Wellingborough home to follow in the first quarter of 2022.

These development projects mark a further collaboration between Aedifica, LNT and Halcyon Care Homes, following the acquisition of Hazel End Care Home, Bishop’s Stortford in December 2019 and Marham House, Bury St Edmunds in March 2020.

Tags : ConstructionFinanceLNTnew property
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