Specialist lender Atelier has provided a £10.7m loan to care provider MACC Group to finance the development of a 71-bed Bedfordshire care home.
The Leighton Buzzard development will be the MACC Group’s first home in the county.
The 25-month, fixed-rate Atelier loan enabled MACC Group to acquire a prime development site on Hockliffe Road. Construction work is already underway on the new home, which is due to be completed at the end of 2024, and which is set to create up to 60 new jobs.
MACC Group director Dr Naz Nathani said: “A town of the size and stature of Leighton Buzzard deserves a high quality care home facility. MACC Care develops aspirational, market leading care homes with future-proof design and specifications that are a perfect blend of thoughtful design, technology, and luxury.
“When complete, our Leighton Buzzard care home will be a flagship facility for the town and play an important role in the community by creating scores of new jobs for local people.
“Atelier’s team have an entrepreneurial, ‘can do’ and development-friendly attitude and have been a pleasure to deal with; we look forward to future partnership with them.”
Rav Kudhail, lending manager at Atelier, added: “Since launching in 2004, MACC Care has gained an exceptional track record by developing and operating a string of thoughtfully designed, high quality care homes that are home to more than 1000 people.
“MACC Care’s accommodation is all purpose-built and the quality of its offering is central to its success. It has been a pleasure to work with Dr Nathani and his team on their Leighton Buzzard development, and we look forward to supporting the company’s finance requirements as it rolls out its ambitious growth plan across the UK.”
