Swansea care home sold after 30-year ownership
Specialist business property adviser Christie & Co has announced the sale of Fairleigh House care home in Swansea, South Wales.
A family-run business, Fairleigh House has been offering residential care for up to 20 people with dementia for the last 30 years. The home is located in Sketty, one of Swansea’s more affluent and desirable suburbs.
Fairleigh House had been owned by Linda Jones, who recently decided to sell the business and retire. The home was sold for an undisclosed price to Dr Kannan Muthuvairavan, Mani Neelamegan, and Dr Muthukkumaar Gnanavel, who also own Manorleigh Spring Meadows, a residential care home also located in Swansea.
Linda Jones said: “This sale marks both an exciting and sad time for me, but I am sure Kannan and his Partners will continue to offer a good service to all the residents at Fairleigh House. My sincere best wishes for the future.”
New owner Dr Kannan Muthuvairavan said: “We recently got into the industry and are keen to get involved more and feed our appetite of providing quality care. It’s going to be a challenge in two ways; we need to maintain a good standard of care at the home, and also make sure that we don’t get too excited and be careful with our next steps.”
Christie & Co Associate Director Oliver McCarthy added: “Linda has created a brilliant home over the last 30 years, and I’m very pleased to have assisted her in selling it to Kannan, Mani, and Muthu, who are in the process of growing their portfolio across South Wales and who, I’m sure, will take Fairleigh from strength to strength.
“The care home market in the South West continues to be very active, with a wide range of buyers looking to acquire both freehold and leasehold assets.”