Puma Property Finance (Puma) is providing new funding to LNT Care Developments Group (LNT) to finance the creation of three purpose-built care homes in Wisbech, Broadstairs and Southampton.
The care homes will each be built to LNT’s standardised, ESG-forward 66-bed blueprint, which incorporates solar energy production, battery storage and ground-source heat pumps.
Construction of the Wisbech development is currently underway with construction at Broadstairs and Southampton due to start over the next few months, with a target completion date in 2024.
Tony Throp, director at Puma Property Finance, who led the deal, said: “We’re delighted to be working with the UK’s largest care home developer to facilitate such a unique and well proven model. This funding represents Puma’s continued support for the care home sector, and we are filled with such confidence in the process given LNT’s strong track record of high-quality developments.
“We are proud to work in the care sector, and as life expectancy and the demand for good quality homes also increases, we hope that these developments go some way in responding to that demand and addressing this growing issue.”
Matt Lowe, chief executive officer at LNT Care Development Group, added: “With an ageing population in the UK, there is a huge requirement for an increased volume of care facilities to be developed over the coming years, to ensure the nation’s elderly are properly cared for in their later years. We are pleased to have developed a strong relationship and partnered with the Puma Property Finance team to bring these new developments into fruition, and we believe they will play an important role within their local communities.”
