Puma Property Finance has secured an £18 million loan to facilitate the development of a new care home in Ewell, Surrey. The 81-bed facility, to be developed by Morrison Community Care Group (MCCG), will feature modern amenities such as a salon, cinema, restaurant, and extensive outdoor space, which promotes mental well-being. This initiative aims to address the local shortage of modern care home accommodations, particularly those with wet-room provisions. It marks Puma’s first collaboration with MCCG, as well as MCCG’s inaugural project in England. Construction is set to begin in summer 2024, with completion targeted for February 2026.
Healthcare, Real Estate Development, Private Equity,United Kingdom
https://www.pumainvestments.co.uk/news/puma-property-finance-signs-18m-loan-to-fund-surrey-based-care-home