A £100m land acquisition fund has been launched by retirement community developer and manager, McCarthy and Stone.
The fund will be used to acquire 60 health and social care sites currently occupied by residential care homes, GP surgeries and other medical premises.
The new sites, which will come in addition to 200 land acquisitions over the last four years, will offer private apartments and bungalows across a range of tenures with on-site care and support services, helping older people to enjoy an independent lifestyle in their later years.
John Tonkiss, Chief Executive Officer for McCarthy and Stone, (pictured) said: “We now need new land, and lots of it, in order to satisfy this vital initiative. For more than 40 years, we’ve accumulated a deep understanding of what our customers want – and also what is expected by landowners and other partners with whom we collaborate. Professionalism, efficiency, expertise – these are the qualities we’ve nurtured over many years so that when we agree to buy a site, we can perform a swift turnaround with an optimum return for sellers.
“With generous commissions available for the right sites, I would urge landowners to submit their introductions directly to us without delay. They will be treated in the strictest confidence.”