Hallmark Care Homes has acquired a site for a 62-bed nursing home in Angmering, West Sussex.
JMW Solicitors’ Real Estate team advised Grafton Land & Property on the acquisition and onward sale of the 1.9 acre site to the care home provider.
Chair of Hallmark Care Homes and Managing Director of Savista Developments, Avnish Goyal said: “We are delighted that this site will be joining the Hallmark Care Homes family. This community will provide much needed residential, dementia and nursing care to older people in Angmering and we cannot wait to create a luxurious and engaging environment which residents can be proud to call home. Work will commence in January 2020 by our sister company Savista Developments.”
The site, which will include a cinema, hairdresser and therapy rooms, is the latest addition to the Hallmark portfolio which currently includes 19 care homes for the elderly in England and Wales.
Thomas Pearson, Real Estate Partner at JMW Solicitors, said: “We’re very pleased to have advised on Grafton’s latest site. There is acute demand for care home beds throughout the UK, so it’s gratifying to be able to play a role in supporting the delivery of new facilities like this – particularly those that address specialist needs such as dementia.
“To put the undersupply into perspective, there is currently a 69.7% under-provision of care home beds across England and Wales. Furthermore, specialist facilities are still being overlooked, even at a basic level – for instance, the UK average en-suite wet room provision is still only 25.1% of registered supply.”
Tony Cole, Managing Director of Grafton Land & Property, added: “The team at JMW have been central in getting this deal over the line, steering a complicated process involving several parties.
“It is vitally important that the UK is making adequate provision for elderly care – in 2016 there were 1.6m people above 85 in the UK, but by 2041 that figure is forecast to reach 3.2m. We need to be building additional capacity to the tune of 10,000 beds per year in order to meet current and future need. Much of the existing stock requires replacement and refurbishment, so it’s always positive to see the likes of Hallmark Care Homes investing in the future with the creation of new facilities.”