Earlier in 2022, award winning care home developer and operator Avery Healthcare sold two of its care homes developments to real estate investment firm Rynda Healthcare.
The deal, worth over £28 million, will see Avery lease back the homes that are currently under development in Littleover (Derby) and Braintree.
John Strowbridge, Managing Director of Avery Healthcare, said: “We are delighted to have agreed this deal with the team at Rynda Healthcare. This agreement builds on our strong track record for developing and operating some of the UK’s best care homes”.
“The care homes are on track to be delivered in September this year and early 2024 and are being developed to meet the highest ESG standards.”
Michael Walton, Chief Executive Officer, Rynda Healthcare added: “We are delighted to have closed this transaction adding to our portfolio of care homes. Each home is well located to meet the needs of its local community and are being developed to the latest standards of design. Rynda Healthcare continues to build long term relationships with a range of selected developers and operators whose business growth we look to support.”
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