Bondcare has completed the purchase of the Vi & John Rubens House care home in Gants Hill, Ilford, for £9.1m.
The facility, which is located on Clarence Avenue, occupies a site of approximately 1.07 acres and comprises a series of interconnected buildings arranged across ground, first, second and third floor levels. Together, the buildings provide approximately 53,674 sq ft of accommodation.
The sale has helped fund the development of the new Sugar & Ronson Care Campus on Woodford Bridge Road in Redbridge, which is being delivered as a replacement care and social facility.
Alex Soskin, director in the London development land team at Savills, which jointly handled the sale with Strettons on behalf of Jewish Care, said: “The completion of this sale supports the continued provision of care services in Redbridge and enables investment in a significant new care and social facility for the local community. Securing the future of Vi & John Rubens House as a care home, while also helping to fund the delivery of the new Sugar & Ronson Care Campus is a fantastic outcome and a transaction we are very pleased to have worked on.”
