In a transaction brokered by specialist business property adviser Christie & Co, LNT Construction will deliver three new turnkey care homes in Pensby in Merseyside, Devizes in Wiltshire and Nantwich in Cheshire that include about 60 bedrooms each for Sanctuary Care.
This is the second time that Sanctuary, a provider of care services for older people with over 60 homes across England, has acquired care developments from LNT following an initial portfolio of nine new homes that it acquired through Christie & Co in 2012.
Nick Broadbent, development director of LNT comments, “We are delighted to be working with Sanctuary on these new projects which stand as testament to the importance we place on developing long term and collaborative relationships with our customers.
"The LNT product has evolved considerably to meet operator requirements but our core proposition, delivering a full turnkey package at a fixed price, remains unchanged.”
Bernard Wynne, head of development – care at Christie & Co comments, “With construction times now averaging 46 weeks and a pallet of design options, LNT offers a low risk and effective solution to development procurement which is widely recognised by operators, funders and investors. The demand for care beds continues and we are pleased to be continuing to help operators acquire new builds as well as existing care facilities to add to their portfolios.”
