Care Concern Group acquired Abbey House in Swindon
Acting on behalf of the Milestones Trust in Bristol, specialist business property adviser, Christie & Co has brokered the sale of Abbey House in Swindon to the Care Concern Group.
Milestones Trust commissioned the development of Abbey House which opened for trading in 2016. The care home provides 73 single bedrooms in a three storey, purpose-built property with far reaching views across Swindon to the south. All bedrooms have full en suite wet room facilities.
John Hoskinson OBE, Chief Executive of Milestones Trust said, “We have taken the difficult decision to transfer Abbey House to the Care Concern Group. In line with Milestones Trust’s new strategic plan, we will now focus our work on our core specialisms in learning disabilities, mental health and specialist dementia services within the Bristol area.”
Paul Beaumont, Director of the Care Concern Group comments, “We are delighted to welcome Abbey House to our group and look forward to working with the team.”
Downing LLP supported the funding for the purchase of Abbey House. Mark Gross, Partner at Downing LLP said, “Downing LLP is delighted to be able to support the Care Concern Group’s continued growth in the elderly residential care sector.”
Rob Kinsman, Regional Director – South West and Martin Gould, Head of Healthcare Brokerage at Christie & Co handled the sale and comment, “We are delighted to be able to secure an off-market deal for Milestones Trust. The market for purpose-built care homes remains very strong and we were able to generate multiple bids for our clients’ consideration.”
Abbey House was sold for an undisclosed sale price.
