Ty Victoria nursing home in Swansea has been sold to new market entrants, Aura Care Homes Limited.
The home was sold through specialist broker Christie & Co with funding provided by commercial mortgage broker Christie & Finance.
Aura Care Limited said: “Christie Finance supported us in the transaction from start to finish, helping with the challenges that came about throughout the transaction.”
The 22-bed specialist home, which offers dementia, mental health and respite care, trades consistently at 100% occupancy due to high local demand.
The freehold of the property has been purchased by Aura Care Homes Limited, a new company formed by eight shareholders, each of whom have individual experience across the care sector.
Jimmy Johns, Finance Consultant who secured the finance, said: “It was great to help this new care company buy their first home and I look forward to continuing to support them as their group grows. It’s exciting to be able to say, I helped it all begin.”
Oliver McCarthy, Business Agent at Christie & Co handled the sale, added: “I have no doubt that Aura Care Limited will continue to grow and look forward to a lucrative working relationship in which we can help them realise their aspirations.”
