Barchester Healthcare has acquired a care home development site in Bath in a deal handled by specialist business property adviser, Christie & Co.
The site at a prominent location 1.6km from the River Avon, Bath Spa station and the city centre was brought forward by specialist developer and retirement village operator, C Squared Property Developments.
Julian Burgess of Barchester Healthcare said: “We are absolutely delighted to have the opportunity to operate one of our care homes in this location in Bath. We received a tremendous amount of local support for the application, and this is a great result for us. The home will provide much needed care here in Bath, and a large number of jobs sourced from the local area too. We have over 260 care homes across the UK, and this provides another significant step in our expansion programme.”
Jordan Rundle, Director – Healthcare Development & Investment at Christie & Co, who handled the sale, added: “Bath is an area with a significant undersupply of future proof care home beds and the historical, tightly packed nature of the city’s settlement means land supply in central locations is scarce. C Squared Property Developments has unlocked a fantastic development site which is situated close to the city centre, and the care home will be well placed to serve the rapidly increasing bed demand in the catchment.”
The site was sold for an undisclosed price.