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Puma Property Finance has revealed a £17m loan to Cinnamon Luxury Care to build a 73-bed care home in Thurnby, Leicester.
The £17m loan will convert an existing brownfield site to deliver the new facility which includes ten care suites, which will include a bedroom with en-suite wetrooms and separate living room and kitchenette areas. The scheme will also include amenities such as dining and sitting rooms, a cinema, private dining, a hair salon and café.
Charterpoint sold the care home development near Leicester to care operator Cinnamon back in 2022.
Construction is set to begin in December and the care home is expected to reach practical completion in August 2026.
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link source - The Business Desk