Work has commenced on a new, high specification care home near Peterborough – which will be operated by Barchester, one of the UK’s leading healthcare providers.
The two-storey building will comprise 60 en-suite bedrooms and will provide first-class residential and nursing care for older people including those with dementia.
The care home in Deeping St James is being built to Barchester’s high specification standards and will be complete in November 2014. The scheme is being purchased by Cinnamon Care Capital, a UK healthcare investment fund specialising in senior care and senior living properties.
LarkPoint is a joint venture between Larkfleet Ltd and Charterpoint Developments Ltd.
Charterpoint’s Giles Nursey said:
“We are delighted to be working with Barchester Healthcare and Cinnamon Care Capital on what promises to be a ‘best in class’ care home when complete.
“While this is our first development with Barchester and Cinnamon, it is clear from the extensive engagement to date that we possess a like-minded approach to the delivery of high quality care accommodation.”
The care home is being constructed to a minimum BREEAM ‘excellent’ for energy and ‘very good’ for the remaining areas. The design incorporates energy saving measures such as a combined heat and power unit for greater energy efficiency.
Kenneth Mackenzie, development director at Barchester Healthcare, said:
“We are pleased to collaborate on this build with Cinnamon Care Capital and Larkpoint Ltd, which will meet Barchester’s exceptionally high standards. We are committed to providing person-centred care and designing living spaces that are second to none for older people and those living with dementia. A home of this size will create about 100 jobs, giving the local economy a boost and is situated in a desirable part of Deeping St James.”
Building work is being carried out by Bullock Construction Ltd with completion due in November 2014.
Declan Walsh, managing partner at Cinnamon, said: “I am delighted to announce this latest addition to our portfolio of high specification care homes and the continuance of our long standing relationship with best in class operator, Barchester.
“This is the third transaction this year alone between Cinnamon and Barchester and our first with Charterpoint, who have a shared commitment to delivering best in class healthcare properties.”
When it opens, the care home will provide 100 permanent jobs.
