CM New Developments

Expressions of interest for the five home provider Ascot Care Homes Limited, taken into administration earlier this year, have been strong according to business agent Christie + Co. Offers for the fully-managed care homes, either on a single site or whole group basis, were sought before a deadline of 28 April. The portfolio consists of Ashlea House, Stirlingshire (25-beds); Mountview House, Stirlingshire (26-beds); Pinewood Lodge, Stirlingshire (25-beds); Drumpark House, Stirling (24-beds) and Belvedere Lodge, West Yorkshire (22-beds). The sale focuses on the leasehold interests of the homes, however offers for the freeholds on the three Stirlingshire homes and Wakefield site will be considered.

Castleoak has completed a £40m project with The Fremantle Trust and Buckinghamshire county council to improve the quality of accommodation for older people and adults with learning disabilities across the county. Seven old care homes were redeveloped and a new home built, creating 600 new bed spaces in the homes, which typically cater for 60 to 90 people.

Glenholme Healthcare Group is planning to build a ‘multi-million pound’ residential care facility as part of a new move into the elderly care market. The learning...