CBRE sells care development site to Octopus Healthcare

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LYTHAM ST ANNESActing on behalf of Worthington Properties, CBRE’s Manchester Specialist Markets team has sold a 1.2 acre care development site in Lytham St Annes to Octopus Healthcare for an undisclosed sum.

 

The site has been acquired subject to planning consent for the development of a care home for up to 64 residents, built to the specifications of Octopus Healthcare with dedicated landscaped areas and parking facilities.

 

The new care facility will form part of a larger mixed use scheme comprising a supermarket, a family-dining public house,  132 home residential scheme and a 30 unit homes development. The scheme fronts Heyhouses Lane, 1.5 miles from Lytham St Annes town centre and 4.5 miles south of Blackpool.

 

Octopus Healthcare is a leading UK healthcare property investor, developer and manager of healthcare properties. The Octopus Healthcare team invests in and develops healthcare property, as well as partnering with healthcare operators to grow and support their businesses. Octopus Healthcare currently manages £1.0 billion of healthcare funds across a number of platforms, with a focus on four core areas: GP surgeries, care homes, retirement housing and private hospitals.

 

Shaun Skidmore, Senior Director of Specialist Markets at CBRE Manchester, commented;

“We are delighted to represent Worthington Properties to complete the sale of this care home development site to Octopus Healthcare. The addition of the care facility will further enhance the mix of uses at this important regeneration scheme.”

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