The new 60-bed care home is a Castleoak development project with funding provided by the CarePlaces Fund – a partnership between Castleoak and Bridges Ventures.
Having identified the site and conducted thorough, site-specific market and demographic analysis, Castleoak completed the land acquisition and secured planning permission for the care home. A 35-year lease agreement has been reached with Greensleeves Homes Trust and construction is now underway. The home is scheduled to open in spring 2015.
Paul Newman, Chief Executive of Greensleeves, says:
“We have an ambitious development plan to almost double the number of elderly residents we support over the next 10 years. I am delighted Greensleeves is working with Castleoak. Working exclusively in the care sector, Castleoak has an excellent track record of delivery with many of the UK’s leading, high quality care operators.”