Patron-backed Hamberley sells £100m five-home care portfolio

Patron Capital-backed luxury care home developer and operator Hamberley Group has sold five care homes to property investor Rynda Healthcare for more than £100 million.

Hamberley’s operating company, Hamberley Care Homes, will lease back three operational care homes on 35-year terms and two homes under development in Eastleigh, Hampshire, and Enfield, north London. Two of the existing care homes are in Dorset and one is in Bedfordshire (pictured above). Collectively the five homes account for 353 beds

Hamberley Care Homes operates 14 care homes and plans to have a total of 28 homes by 2024.

Patron Capital managing director Keith Breslauer said: “This is the latest in a number of sale-and-leaseback transactions we’ve completed through Hamberley, highlighting growing investor interest in the later living sector.”

In addition to the five homes sold to Rynda Healthcare, the group has a development pipeline of sites in locations including Cambridge, Dorking, Camberley, Basingstoke, Southampton and Bristol and has over £170m of equity capital allocated for healthcare investment.

Author: Paul Strohm

Source: Real Asset Insight