Home Mergers and Acquistions Charterpoint sells Leicestershire care home development to Cinnamon Care

Charterpoint sells Leicestershire care home development to Cinnamon Care

by Lisa Carr

Senior living developer Charterpoint has sold its care home development near Leicester to care operator Cinnamon.

Following Charterpoint receiving planning permission and obtaining vacant possession, Cinnamon will now take the 73-bed residential care home development forward to construction.

The scheme will feature a range of care accommodation arranged over three floors, including resident lounges, dining and relaxation areas, a cinema room, hair and beauty facilities, café and private dining, along with terraces and landscaped gardens.

Situated on a 1.2-acre site in Uppingham Road, Thurnby, it will also feature car parking, including  electric car charging points.

Charterpoint MD Giles Nursey said: “This first-class scheme will create an attractive care home for the area, which we identified as having a shortfall in purpose-built care home provision. It will also provide important local job opportunities. As an East Midlands-based senior living developer, Charterpoint is delighted to have sold the scheme to Cinnamon who will now take it forward to the development stage.”

The scheme was designed by specialist care architect Edmund Williams, and is the latest in a long line of care home and senior living developments that Charterpoint has delivered.

A spokesman for Cinnamon said: “We are excited about the potential for this latest development at Thurnby and look forward to breaking ground before the end of 2022. The team has really enjoyed working with Charterpoint to acquire this site and look forward to partnering with Charterpoint on future developments.”

Jordan Rundle of Christie & Co brokered the sale to Cinnamon.

Charterpoint, which is based at Edwalton near Nottingham, specialises in developing first-class senior living accommodation, sustainable housing schemes, and primary care premises.

For more information about Charterpoint, visit www.charterpointgroup.co.uk

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