Octopus Real Estate, part of Octopus Investments, the specialist real estate investor and lender, is adding a further three assets to its 100-strong portfolio of care homes.
Two of the homes are recent acquisitions by the Octopus Healthcare Fund OHF). Both are currently being constructed by Synergy Care Developments, at sites located in New Lubbesthorpe, Leicestershire, and Hunstanton, Norfolk, and atre due to complete in 2025.
Acacia Care will operate each home on a long-term lease. Synergy is constructing the homes to an all-electric specification, helping the fund towards its 2040 net zero target.
In addition, the fund recently saw the practical completion of its first fully operational all-electric home, in Hinckley, Leicestershire, which was developed by Care Build Group on behalf of Acacia Care. The New Lubbesthorpe development was advised by Christies, while Hunstanton and Hinckley were both purchased from Care Build Group. Trowers & Hamlin acted for the fund on all three acquisitions.
The total investment for all three amounts to £35 mln (€41 mln).
Octopus Real Estate has over £3.7 bn in real estate assets and secured lending and has over 90 people.
