Hamberley Development has agreed a forward commitment to sell its next luxury care home to European Healthcare REIT, Aedifica.
The forward purchase agreement for a 60-bed COVID-secure home in Hailsham, East Sussex, is the second deal to be completed between Hamberley and Aedifica in two months.
The deal will see Hamberley’s operating company, Hamberley Care Homes, lease back the home, which is due to be completed in Q1 2021, over 25 years.
Tim Street, Director at Hamberley Development, said: “We’re delighted to agree to this commitment with the Aedifica and Layland Walker teams so soon after our first deal last month.
“This forward purchase agreement, for our Hailsham development, shows the strength of our reputation for delivering the highest quality care environments, on time and on budget.
“The Hailsham home will meet the very highest standards for safety and infection control and sets a new benchmark for COVID-secure care settings. We are proud to be able to deliver both luxury and safety, without compromising on either front. We believe that this is what sets us apart as an award-winning healthcare development business.”
Keith Breslauer, Managing Director of Patron Capital, who provide financial backing to Hamberley Development, added: “We aim for our investments not just to deliver strong returns but also to have a positive impact on communities and individuals. With an ageing population and an increased focus on safeguarding older and more vulnerable people in society following the recent pandemic outbreak, our investments in the later living sector enable us to do just that. This deal reflects the exceptional quality and reputation of Hamberley’s developments and will free up funds to invest in further opportunities that are actively being sought out.”