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Rynda Healthcare snaps up Market Harborough consented care home scheme

Real estate outfit Rynda Healthcare has acquired a forward-funded investment with planning consent for a 76-bedroom care home in Market Harborough pre-let to Care UK.

Frontier Estates gained full planning permission for the scheme that benefits from 100 per cent ensuite wet rooms, a hair and beauty salon, café, activity rooms, cinema/library space and a range of lounge and dining rooms.

The investment has been acquired by Rynda Healthcare and its strategic partner, an undisclosed pan-European real estate investment house with €11bn worth of assets under management.

Michael Walton, managing partner at Rynda Healthcare, said: "We are delighted to have closed this transaction with such a professional and experienced developer. We are intent in building long term relationships with a range of selected developers and operators whose business growth we look to support for the long term."

David Gannon, head of acquisitions at Care UK, added: "Continuing our relationship with Frontier Estates, we are looking forward to the development and operation of this attractive new care home in Market Harborough.

"Our 125 existing homes have some of the highest CQC ratings in the sector for delivering high-quality care and we pride ourselves on being part of the communities where our homes are situated as well as creating new jobs for the local people too."

Joint agents for the Market Harborough transaction were Christie & Co and Gerald Eve. The investment was sold at an undisclosed price.

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