• Castleoak

Bishop’s Cleeve end-to-end care development handed over ahead of contract

Darren Miller, Advinia Health Care Head of Property Services and Kim Mulford, Advinia Health Care Home Manager with Colin Gaylor, Castleoak Finishing Manager

We’ve handed over our latest end-to-end care home development – to be operated by Advinia Health Care and backed by Octopus Real Estate - ahead of contract.

The 64-bed Bishop’s Cleeve Care Home lies within the Cleevelands residential development of around 600 homes, retail and community spaces in the north of Bishop's Cleeve, near Cheltenham.

We purchased the site, developed the design and achieved full planning permission, then created a partnership arrangement with funding from Octopus Real Estate and a 30-year leasehold deal with growing quality care operator, Advinia Health Care.

We also delivered the design and build, including the off-site manufacture of the timber frame, starting towards the end of 2019. Despite the challenges presented by Covid-19, we were delighted to hand over ahead of schedule.

Lisa Gledhill, who recently joined as MD, Development, said this project “typifies where Castleoak excels in the market”.

Being expert in the sector, we understand the requirements of investors and operators and local communities, so creating partnership deals such as this is our sweet spot,” she said.

Having the complete set of development, technical, design and construction capabilities means we can deliver seamlessly.

Add in the speed, quality and efficiency of our colleagues in off-site manufacturing, and this is end-to-end development delivery of much-needed, high quality care accommodation that we can all be truly proud of.

Mark Cash, Chief Executive Officer for Advinia Health Care, said the new state-of-the-art building would allow for the provision of the highest quality truly person-centred care.

He said: “There is a real short-fall of high-quality care home beds in the local area and we are confident that this new Advinia Care Home will help meet the needs of local older people.

The building itself is of the very highest standard, both in terms of luxury and comfort, but also from a safety and wellbeing perspective.

We look forward to working with the local community in the months ahead to provide the highest quality of care for the people of Bishop’s Cleeve and the surrounding area.

We have partnered with Octopus Real Estate on a series of care and assisted living developments since 2012.

Stavros Criticos, Investment Surveyor, Octopus Real Estate commented:

We are pleased to be working again with Castleoak, a developer with specialist knowledge in the sector who consistently delivers quality. At Octopus Real Estate, we are committed to growing our portfolio of modern, purpose-built care homes to address the structural undersupply of quality care beds across the UK. The sector still requires significant further investment given the country’s ageing population, and we continue to work with our development and operating partners to bridge this gap.