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Exeter care home sold to local operators through Christie & Co

Specialist business property adviser, Christie & Co has completed on the sale of Dene Court, a care facility in the heart of Exeter, Devon.

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Formally a period detached property occupying a large corner site, Dene Court has been extended and improved over the years and now provides accommodation for up to 28 clients in 26 single bedrooms and one shared bedroom, of which seven have their own en suite facilities. 

The previous owners, Alistair & Heather Whitmoor-Pryer have owned and operated Dene Court since acquiring it through Christie & Co in 2011. During this time, they significantly improved the building and spent considerable time improving the reputation and fee structure at the home. They have made the decision to sell in order to focus their time on the other care homes they operate in different care categories.

They comment, “As a long standing client in relation to care home sales with Christie & Co, I have been delighted with the commitment and correspondence we received from them during the sale process. Naturally, at times, there were issues that had to be addressed, and through their professional advice and commitment we finally completed on the sale. I can highly recommend Simon Harvey and Christie & Co and we will certainly be appointing them again for future sales.”

Dene Court has been sold to experienced care home operators in Somerset. They have acquired the Dene Court after looking for an opportunity to further expand their existing operations. There is plenty of opportunity for the new owners to continue to build on the strong reputation the previous owners have already built up and to continue to drive the business forward in improving the quality of care and the fee rates. 

Simon Harvey, Director at Christie & Co handled the sale and comments, “We are delighted to have assisted the previous owners after having sold Dene Court to them previously, as they look to focus on the other areas of their business. Exeter is a very popular location and this home attracted multiple bids. The size and style of homes like Dene Court are very popular with new entrants and experienced operators seeking to grow. This sale highlights how the market for care homes in the South West is stronger than it has been for many years and we continue to see many well-funded buyers seeking new opportunities in the region.”

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