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Swansea care home sold to new entrants, Aura Care Homes Limited

Ty Victoria Care Home

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.”

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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.”

Tags : AcquisitionFinance
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The author Lee Peart

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