Press releases | |

Travers Smith advises Hamberley on £200m disposal


Travers Smith LLP were delighted to advise long-standing client Hamberley (backed by Patron Capital) on the sale of over £200m of care home assets to Rynda Healthcare (Rynda) and Octopus Real Estate (Octopus).

The disposal to Rynda comprised five care homes, including two new care homes which, as part of the transaction, will be developed by Hamberley with funding from Rynda.

The disposal to Octopus comprised six care homes, including a state-of-the-art neurological rehabilitation centre in Worcester and four new care home sites which will be developed by Hamberley with funding from Octopus.

Hamberley will continue to operate the care homes under a sale and leaseback structure.

Head of Real Estate Simon Rutman and Corporate Partner Jon Reddington led a cross-departmental team assisted by Senior Associate Emma Sykes and Associates Sophie Gayle-Farlow and Jess Francis. Tax advice was provided by Senior Counsel Jonathan Woodall and Associate Lewis Currie.

Keith Breslauer, Managing Director of Patron Capital, said: "This is the latest in a number of sale and leaseback transactions we’ve completed through Hamberley, highlighting growing investor interest in the later living sector. Having built and sold Gracewell Healthcare, we have a long history of developing exceptional care home properties that meet the needs of an increasingly discerning ageing population.”

Back To Top