Sanders Senior Living has completed the transaction for the development of a new, future-proofed care home facility in Melton Mowbray, Leicestershire which will comprise 60 bedrooms on a one acre plot. Each room will have en-suite wet room provision and residents will have access to a range of best-in-class communal facilities including a dementia café, hair salon, communal lounges and landscaped outdoor spaces with seating areas to enhance residents’ wellbeing.
Located in the main urban area of Melton, just a fifteen-minute walk from the train station, the care home consists of good-quality, inclusive and sustainable design and is regenerating the former Sandicliffe Ford car sales pitch site. Achieving planning in April, construction on the site is due to start next week.
Sanders Senior Living develops luxury care homes and is a sister company to Runwood Homes Ltd, the UK’s largest privately-owned care home group that owns over 70 care homes nationwide, operating circa 5,000 beds. In 2020, Knight Frank advised Sanders Senior Living on the acquisition of a similar site in Worcester, The Belmont, which is now operational.
Tom Sanders, Estates Director, Sanders Senior Living, said: “We are pleased to have received the guidance and expertise of Knight Frank on this strategic acquisition in Melton Mowbray. We have worked with Knight Frank on previous Sanders Senior Living developments, including our Worcester site, The Belmont. As such, our already established and existing partnership with Knight Frank gives me the upmost confidence that we will see great success in our new development. The Group’s invaluable expertise and knowledge ensures that we will be meeting the needs of Melton Mowbray’s community in providing professional care, something, at Sanders Senior Living, we pride ourselves on.”
Mandip Bhogal, Associate in Healthcare, Knight Frank, said: “We are proud to have supported Sanders Senior Living in this strategic acquisition and development opportunity which will provide a premium care home for the local Melton Mowbray community.
“The demand for best-in-class care properties is only set to increase as the population continues to age. In addition to providing a significant facility locally, this development is also providing much-needed stock of fit-for-purpose, future-proofed, purpose-built care facilities with sustainability and a focus on residents’ experience at the heart of the design and development process.”
Knight Frank’s research indicates that the growth in the UK’s elderly population will potentially lead to a near doubling of demand for care beds by 2050, increasing by 350,000 beds against current levels of demand. Care home closures and this growing elderly population mean that supply is failing to keep pace with demand despite a healthy new development pipeline. The UK elderly care market is at risk of reaching capacity by the end of the decade, heightening the need for new homes to be built and for existing homes to be futureproofed and modernised.