KNIGHT Frank has advised North Bay on the sale of a portfolio of six care homes across the North of England for £100m.
The properties are future-proof, state-of-the-art facilities. Two of the care homes were commissioned last summer and two more are due to complete in Q2 2025 and Q1 2026.
The care homes also benefit from 100 per cent en-suite wet room provision and all boast strong ESG credentials, including solar PV and EV charging units.
Joe Munro at Knight Frank said: “We are pleased to have advised on this market leading transaction which is credit to the excellent care homes developed by North Bay.
“There continues to be strong investor demand for high-quality, ESG-compliant care homes which in turn can help unlock development and address the long-term undersupply of beds in many UK locations.”
North Bay (trading as both St Marys and Highgate Care) will continue to operate the homes following the sale.
Richard Hoggart, CEO of North Bay added: “The sale of this portfolio has helped us raise capital to continue to expand our portfolio and deliver vibrant, modern care homes.”