Carterwood has completed the sale of a 70-bed care home site with full planning permission in Hereford, on behalf of long-term client, Prime Developments. The 2.68-acre site has been purchased by care developer, Albion Care Communities, and will be operated by Dormy Care Communities.
Albion Care Communities development director, Jim Fogden, said: “We are actively looking to acquire freehold sites for development and this scheme in Hereford, just one mile from the city centre, presented us with an ideal opportunity to add to our growing portfolio. We look forward to getting construction underway.”
Matthew Drysdale, associate director at Carterwood, added: “The site presents an outstanding opportunity to develop a market leading care home. Hereford benefits from an affluent population, shortfall of market standard bed spaces, and evidence of high average fees within both the nursing and residential care sectors.”