April 12, 2019 Property

Blackadder Corporation acquire two nursing homes increasing portfolio to six

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Blackadder Corporation  a UK care operator has completed the acquisition of two nursing homes to boost its portfolio.
The company  is set to invest more than £1m in renovating the two properties, one in Northleach in the Cotswolds, and the other in Holmer near Hereford, potentially creating a total of 30 jobs.
The company, formed in 1997, now owns six care homes following the double deal, with firm Wright Hassall acting for Blackadder on the transactions, led by Robert Lee, head of the corporate group and assisted by Jeremy Hyde, an associate in the team.
The latest acquisitions follow the company’s policy of acquiring and renovating existing properties rather than working with new builds, with the Northleach building dating back to the 1820s when it was used as a workhouse.
Geoff Butcher, director, said: “We are pleased to be expanding our portfolio and believe we have found two perfect properties to transform into top of the range care homes.
“We don’t like to work with new builds, we find that they lack the character and the comfort that a building with some history can bring and we believe this really makes a positive impact for residents.
“We are likely to invest around £1m in renovations and will be creating jobs, especially in Northleach.
“This marks another step forward in what has been a number of consecutive years of growth for us.
“Since 2013 we have really stepped up our investment in the care sector and that has allowed us to establish a firm grip on this corner of the market and build a portfolio of homes that fit our ethos.
“These latest additions allow us to continue to offer our great service from unique properties, enabling the best care for our residents.”
Lee added: “Having worked with Blackadder Care Homes since 2000 it is clear that this double deal represents the start of an exciting new era for the company.
“It sees the company expand into new areas, creating jobs and investing in transforming older buildings into places ideal for assisted living.
“We are pleased to continue to work alongside the family team in order to help this proce

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