January 9, 2019 Property

Care village in East Sussex sold through Christie & Co

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Specialist business property adviser, Christie & Co has completed on the sale of Peterhouse Care Village in Bexhill on Sea, East Sussex on behalf of the National Advertising Benevolent Society to expanding operator, Agincare.
Set within three acres and attractive landscaped gardens, Peterhouse Care Village comprises a nursing home registered for 39, 28 sheltered housing apartments, three sheltered housing cottages and a day centre, plus ancillary staff accommodation and ample parking.

Diana Tickell, CEO of NABS comments, “When NABS decided it needed to sell its Peterhouse Care Home in Bexhill, it turned to Christie & Co for their help on recommendation. The sale was smoothly and highly professionally conducted by John Harrison. Equally pleasing was the significant number of firm offers Christie & Co was able to attract, such that when the sale was eventually agreed within a very swift timescale, we had found an organisation that would ensure continuation of the quality service for our residents and secured best value for the charity. We have no hesitation in recommending Christie & Co.”
Raina Summerson, Group CEO of Agincare comments, “As soon as Derek Luckhurst, our Chairman, and I visited Peterhouse, we knew that it would fit well into our growing portfolio of services. We were so pleased to be chosen as preferred bidders and greatly look forward to working with the existing staff team and getting to know tenants, residents and visitors. It is exciting to be able bring our full range of Agincare services to Peterhouse and the wider community, and we aim to use our experience to further enhance the existing services, thus ensuring local needs are met by future provision. As with many of our previous transactions, we were pleased to be working with Christies & Co through this process.”
John Harrison, Director at Christie & Co handled the sale and comments, “We are delighted to have assisted NABS in securing a buyer in Agincare, who have the right values and pedigree to continue investing in the next chapter at Peterhouse Care Village. With their considerable expertise in the sector, I am sure they will be successful. The sale is resonant of the strong transactional activity we have seen in the healthcare sector in the South East this year with more care homes required to satisfy demand.”

www.christie.com

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