Octopus Real Estate inks £15m Winchester development deal
Octopus Real Estate is to develop and fund the construction of a 60-bedroom care home in Winchester to be operated by local outfit Brendoncare.
The development will be forward funded by the Octopus Healthcare Fund for approximately £15m and developed by Octopus Real Estate’s in-house healthcare development team.
St Giles View, which will be built on the site of a former care home, has been custom designed for Brendoncare, who will lease and operate the new home.
As well as all bedrooms having private ensuite wetroom facilities, there will also be an onsite café which will be open for residents, their families, and the local community to use.
“We have worked closely with Brendoncare to make sure the home is designed to a high standard meeting their bespoke requirements,” said Octopus Real Estate care homes director Ed Clough.
“It is an exciting project which pulls together the specialist development and investment expertise within Octopus Real Estate and will deliver a high-quality care home for the local community in Winchester,” he added.
Brendoncare chief executive Marianne Wanstall said: “The new home will provide much needed care for nursing, dementia, residential, respite and end-of-life residents in Winchester.
“The community spaces will be invaluable for us to be able to offer services to local people, helping to prevent social isolation and loneliness. We will also be providing community support services for people who may need extra help to enable them to continue to live independently in their own home.”