Specialist business property adviser Christie & Co has sold Pentwyn Nursing Home in Marshfield, Newport on behalf of Pentwyn Care Limited.
The 43-bed care home, which provides residential and nursing care, was sold to new market entrants Marble Arch Investment Group, a family business looking to grow a portfolio of homes in South Wales.
Bindu Brainch of Marble Arch Investments said: “This is a very exciting time and we look forward to working with the established team at Pentwyn and continue to offer the very best care for the residents.”
Specialist commercial funding was required to facilitate the purchase of Pentwyn House, which has planning permission to extend to 65 rooms.
Gary Boyce, Director of Christie Finance, who advised and brokered the funding, said: “We were delighted to help Bindu Brainch and her family with the purchase of their first care home. With the support of family associates, who will guide them whilst they get to grip with the home, I am sure they will make a great success of running the business.”
Rob Kinsman, Regional Director of Christie & Co who handled the sale, said: “The sale of Pentwyn House Nursing Home is yet another example of how the social care market is still an attractive investment for new entrants. Demand for well-run care homes in South Wales continues to outstrip supply.”