Octopus Real Estate has entered into a long-term strategic partnership with Anavo Group to fund the development and operation of elderly care homes across the UK.
The partnership has launched with two acquisitions, comprising a total of 126 beds.
Commenting on the move, Chris Wishart, Care Home Origination director at Octopus Real Estate, said: “Anavo Group is a highly regarded operator in the UK care sector, so we are delighted to work alongside them on these two care homes, and to enter into what will no doubt be a successful long-term partnership.
“At Octopus Real Estate we make a point of investing in exceptional modern, purpose-built health and care facilities that we would choose for our loved ones, and these homes are no exception.”
Edward Moore, director at Anavo Group, said: “We’re delighted to announce these deals with Octopus Real Estate.
“The team at Octopus has a deep understanding of the care sector, and this partnership will allow us to further develop our portfolio and provide exceptional service to residents across the UK.
“Our care homes aim to enhance quality of life, treat people as individuals and enable residents to maintain their personal choices and independence.
“We pride ourselves on providing a warm, friendly and homely environment where residents are cared for with dignity and compassion, values that I know we share with Octopus.”
The healthcare team at Octopus Real Estate manages over £1.4bn of investments, with a focus on care homes and retirement communities.
Octopus recently announced its entrance into the specialist care market, focussing on facilities for residents with complex care requirements, including those with acquired brain injuries.
It also recently entered the affordable housing market with the acquisition of a registered provider.
Image credit: Cherries/Shutterstock
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