0370 270 6000

Browne Jacobson advises developer on sale of 66 bed care home site

3 July 2020

Browne Jacobson’s real estate team have advised developer Charterpoint on the sale of a 2.2acre site at Westfield Park in Louth earmarked for a 66-bed care home to LNT Care Developments Ltd.

The care home, which was given planning permission by East Lindsey District Council back in April this year, will sit alongside the prime greenfield residential development at Westfield Park and comprise 66 individual bedrooms with en-suite facilities, communal spaces for socialising, dining and recreational use, car parking, landscaping, and a secure bike store.

Charterpoint is a Nottingham based property development company specialising in the delivery of homes for older people, including care homes, independent and assisted living accommodation.

Adrian Goose, Chief Executive of Nottingham-based Charterpoint Group, said: “We are delighted to have completed the sale of this superb site on the edge of Louth. It is in an ideal situation - the perfect place to build a modern care home, offering excellent facilities to residents.

“Operator demand for care home development opportunities has proved resilient pointing to an accelerating trend for purpose-built facilities.”

The Browne Jacobson team advising Charterpoint comprised Sarah Parkinson and Kassra Powles.

Senior associate Kassra Powles, added:

“This development is in a great location and presents an outstanding opportunity to develop a market leading care home.

“The deal shows that despite the uncertain economic landscape appetite in high growth areas such as the care sector remains strong.”

Focus on...

Published articles

The problematic transition to electric vehicles - what is the impact on manufacturing

It was reported in May 2022 that the BMW-owned manufacturer had been forced to put a temporary stop on the production of all manual transmission vehicles due to the global semi-conductor shortage and the war in Ukraine. Mini stated that the move was made in order to "ensure production stability".

View

Legal updates

The reality of the future of devolution arrangements in England

Devolution is the transfer of powers in areas like transport, housing and skills in England and since the Cities and Local Government Devolution Act 2016 has been a much-discussed topic.

View

Press releases

Browne Jacobson double deal success at Insider Midlands Dealmakers Awards 2022

Browne Jacobson’s corporate finance lawyers are celebrating after two of its deals won major awards at the Insider Midlands Dealmakers Awards 2022.

View

Blogs

Revoking and reforming EU law

The Government has published the Retained EU Revocation and Reform Bill which, if passed, provides for the revocation of all “EU-derived subordinate legislation” (i.e. UK statutory instruments which were introduced to implement EU law) and retained direct EU legislation on 31 December 2023, unless legislation is specifically introduced to save them.

View