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09 February 2018 | Care

Another successful sale for Frontier brokered through Christie & Co

On behalf of Frontier Estates, specialist business property adviser, Christie & Co has brokered the sale of a care home development site in Stoneygate, Leicester. The 1.8 acre site has planning consent for a luxury 72 bedroom care home.

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Duncan Ford, Head of Healthcare at Frontier Estates, commented: ‘Whilst our business plan going forward is focused mainly on building and leasing the care homes we obtain planning consent for, the sheer volume of sites we are acquiring dictates that we will entertain the sale of selected assets in the interests of maintaining a healthy cash flow and not stretching our delivery capabilities too far. The purchasing company did exactly what they said they would do throughout this transaction and are, therefore, our kind of people’.

Bernard Wynne, Head of Care Development at Christie & Co comments, “We are delighted to act for Frontier Estates, who have one of the best and most active care development teams in the country. The new home will be a great asset to Stoneygate.”