Luxury care home developer and operator Hamberley Group has sold five of its care homes to real estate investment firm Rynda Healthcare.

The deal, worth over £100 million, will see Hamberley’s operating company, Hamberley Care Homes, immediately lease back three of its existing care homes under 35-year leaseback agreements and subsequently lease back two further care homes, currently under development in Eastleigh and Enfield.

The existing care homes, Elstow Manor (Bedford), Verwood House (Verwood, Dorset) and Upton Manor (Poole) are all part of the Hamberley Care Homes group and will continue to be operated by the award-winning team.

Collectively the five homes account for 353 beds out of the current Hamberley Care Homes group of 14 operational luxury care homes. The group will have a total of 28 homes by 2024, once the current pipeline of developments is complete.

Daniel Kay, director of the Hamberley Group, said: “We’re delighted to have agreed this deal with the team at Rynda Healthcare. This agreement builds on our strong track record for developing and operating some of the UK’s leading luxury care homes. This sale will allow us to invest further in the elderly care market and ensure that we deliver care environments that are truly luxurious, safe and homely.

“The three existing homes in this deal are already much-loved services in each of their local communities and the new homes in Eastleigh and Enfield push our design standards yet further with the redevelopment of a 1920s police station and the integration of a leading-edge green energy heat network.”

Keith Breslauer, managing director of Patron Capital who backed the deal, said: “This is the latest in a number of sale-and-leaseback transactions we’ve completed through Hamberley, highlighting growing investor interest in the later living sector. Having built and sold Gracewell Healthcare, we have a long history of developing exceptional care home properties that meet the needs of an increasingly discerning ageing population.”

Michael Walton, chief executive, Rynda Healthcare added: “We are delighted to have closed this transaction adding to our portfolio of care homes in Edinburgh, Braintree, Derby and Market Harborough. Each home is centred around providing its residents with the very best care in state-of-the-art properties. Rynda continues to build long term relationships with a range of selected developers and operators whose business growth we look to support.”

Hamberley Care Homes’ style includes homes featuring bedrooms with full wet room facilities, cinemas, boutique cafés, tasteful bar areas, elegant hair and beauty salons, luxurious lounges and beautifully landscaped gardens. The homes have also been designed with the highest safety standards in mind, in light of the Covid-19 pandemic.

Additional features include bespoke Covid-secure visitation suites, in-built thermal imaging technology in entrance lobbies and a state-of-the-art ventilation system that ensures the air in public spaces is fully replaced four times an hour.

In addition to the five homes within the Rynda Healthcare deal, the group has a development pipeline of sites in Cambridge, Dorking, Hindhead, Camberley, Basingstoke, Southampton, Bristol, Keynsham, Cofton Hackett and Edwalton.

Hamberley Development is also actively acquiring land and existing operating businesses and has over £170m of equity capital allocated for healthcare investment.