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Puma Property Finance has facilitated a £17m loan to Cinnamon Luxury Care to deliver a new 73-bed care home in Thurnby, Leicester. This marks the first loan Puma has provided to Cinnamon Luxury Care and will help support the significant shortfall in quality care homes in the local area.
The £17m loan will convert an existing brownfield site to deliver the new 73-bed home which includes ten care suites. These suites will provide a bedroom with ensuite-wetrooms and their own separate living room and kitchenette area.
The new home will target an EPC A rating and will comprise a traditional build with pre-cast concrete planked floors, alongside a brick and cladding façade. With ensuite-wetrooms as standard, it will include amenities such as dining and sitting rooms, a cinema, private dining, a hair salon and café.
Construction is set to begin in December 2024 and the care home is expected to reach practical completion in August 2026.
Tony Throp, Director and Head of Healthcare at Puma Property Finance, says: “We are delighted to support best-in-class care operator, Cinnamon Luxury Care on this new home. This marks our first loan to the group and will help to address the significant shortfall of quality
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