In a deal which underpins the firm’s reputation as transactional specialist in the care homes sector across the country, consultant HPC has acted on behalf of a major provider in the sale of a high-quality, operational asset. The care home, which is purpose built, is located in north London and provides residents’ accommodation in 55 entirely single, en-suite bedrooms.
HPC Director Ian Wilkie, who handled the sale, comments, “We are delighted to have once again acted successfully on behalf of this long-standing and valued client. We were pleased to bring the benefit of our many years’ experience to this transaction and to meet the client’s brief of a swift, off-market sale. In introducing an experienced purchaser, HPC has been instrumental in securing the transition of this home to the next phase of operation within a new organisation.” He added “this sale illustrates that, in spite of challenges facing the sector, demand for quality care homes remains strong, which is something we are experiencing in many ongoing deals being handled by HPC across the country”.
The care home was acquired by an experienced operator with a number of existing services in London and further afield.