Nursing and care home operator Country Court has sold a portfolio of three care homes for around £50 million.

The transaction includes the sale and leaseback of Hermitage House, a luxury care home in Kettering Thrapston, Northamptonshire, providing residential and specialist dementia care. Country Court has signed a 35-year lease to continue to operate the asset. The transaction also includes the sale of two care home developments with planning consent in place. In a forward funding structure, an undisclosed fund has acquired care homes in Chippenham and Lincoln, with Country Court retained as the long-term operator.

The transaction has been undertaken to raise capital to support Country Court’s expansion across the UK. Founded in 1983 by Roshan Bogha and current chairman, Abdul Kachra, Country Court opened its first care home in Holbeach, Lincolnshire, and today operates 47 homes caring for thousands of people across the UK. The family-owned business stated it has an ambitious expansion programme for the next five years.

Al-Karim Kachra, chief executive of Country Court, said: “The sale of these homes underlines the quality of our care home assets, which are designed to deliver best-in-class residential and specialist dementia care in a luxury environment. This is a significant milestone as we seek to unlock further capital to open more care homes and support more people across the UK.”

Property advisor Knight Frank advised on all the sales.

Joe Munro at Knight Frank said: “Country Court has an established reputation for excellent care provision in best-in-class facilities. We are proud to have supported the business in this landmark transaction to support its future growth.”