Real estate fund Elevation Healthcare Properties, in partnership with care home operator Anavo, have acquired a site with planning consent for a care home in Havant, Hampshire. The vendor is Brackley Investments and healthcare real estate agent Portunus Associates brokered the sale.

Brackley Investments secured full planning permission for a premium style care home of 78 bedrooms with en suite wetrooms set in landscaped grounds. The building incorporates five households, in a part two-, part three-storey design.

Jeff Moore, principal director of Brackley Investments, said: “The scheme’s design draws on our track record of delivering best practice in dementia design, and aims to deliver an environmentally responsible building, that will be welcoming as well as functional.

“This site is part of a pipeline of care home developments that we are bringing forward in the South Central area next year in attractive locations which are undersupplied with modern purpose-built specialist care homes.”

Ed Moore, director of Anavo, said: “Reducing the clinical feel of the home and integrating it within the local community are key drivers for us. The acquisition of the site in Havant is part of our expansion plans along the South coast, bringing forward a pipeline of new-build, high-quality care homes that can offer comfortable and empowering living for residents with a range of different needs and preferences.”     

Bernard Wynne, director of Portunus Associates, commented: “There is a significant shortfall in modern high quality care beds within the town of Havant so we are pleased to have brokered the deal between Brackley Investments and Elevation with Anavo to deliver 78 specialist elderly care beds for the local community.”

James Giles, investment director at Elevation said: “We are delighted to begin our partnership with Anavo, by adding this top specification development into our portfolio of high-quality care homes which are built for longevity and make a positive impact on their wider communities.”

The site was sold for an undisclosed sum.