8/11/2022 | Care

Charity sells Grade II listed care home to Stonehaven Care Group

Specialist business property adviser, Christie & Co, has announced the sale of Woodhayes nursing home in Exeter.

Woodhayes care home in Exeter

Woodhayes is a reputable nursing home with good local links that is located on a corner site at the junction of St Leonards Road and Wonford Road in Exeter, Devon. It occupies an attractive Grade II Listed, Victorian property, formed from three linked and extended buildings, which has been maintained to a very good standard.

The home is registered with the CQC to provide care for up to 27 clients and is run by a registered manager with a full staff team.

Woodhayes has been owned and operated by registered charity, Brendoncare, for a significant number of years. Following a strategic review, it decided to sell the business to focus on its other care homes which are, geographically, much closer to the charity’s base in Hampshire.

Following a confidential sales process with Christie & Co, the home has been sold to family-run Stonehaven Care Group, one of the largest care home operators in Devon.

Marianne Wanstall, CEO at Brendoncare, comments, “It has been our good fortune to have Woodhayes as part of the Brendoncare family for so long, and we are grateful to every resident, relative, colleague, volunteer and friend who has made Woodhayes the very special place it is. The entire staff team has transferred with the sale, providing continuity and reassurance for all residents. We are delighted that they have a bright future ahead with the Stonehaven Care Group and wish them every success.”

Nick Connors, Managing Director at Stonehaven Care Group, comments, “We are delighted to welcome the care team and residents at Woodhayes to Stonehaven. The addition of the home extends our care offering in Exeter to include nursing care and we look forward to working with everybody over the coming months to integrate the home into the group as we continue to grow the company beyond our current 11 care home in Devon and Cornwall.”

Simon Harvey, Senior Director – Healthcare at Christie & Co, who handled the sale, comments, “Rarely do care homes of this nature in such sought-after location become available and, as a result, we were able to generate very high levels of interest. We are delighted to have assisted Brendoncare in executing their strategy while, at the same time, enabling Stonehaven to continue their commitment to the care sector and in Exeter in particular. I wish them every success with the future of the home.

“Appetite from a wide range of buyers for good quality care homes remains strong in Devon. The county has recovered well from the pandemic and, although challenges remain, operationally it is proving to be a strong area and as such is attracting inward investment from new entrants and operators as well as those in the area seeking to grow, as was the case with this transaction.”

Woodhayes nursing home was sold for an undisclosed price.

For further information on this press release, contact:
Phoebe Burrows, Corporate Communications Manager
P: 07540 063 598 or E: phoebe.burrows@christie.com

Contact the agent:
Simon Harvey, Senior Director – Healthcare
P: 07764 241 310 or E: simon.harvey@christie.com

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