October 24, 2019 Finance

Ty Victoria nursing home sold to new entrants, Aura Care Homes Limited

Specialist commercial mortgage broker Christie Finance has secured funding for Ty Victoria, a 22-bed care home facility in Swansea, South Wales on behalf of a new entrant to the market in a sale handled by specialist broker, Christie & Co.
Occupying a prominent location on the outskirts of Swansea, Ty Victoria is situated within easy reach of the city centre, approximately four miles away and has been under the same ownership for over twenty years. Providing specialist dementia, mental health and respite care, Ty Victoria trades consistently at 100% occupancy due to high demand within the area.
The freehold of the property has been purchased by Aura Care Homes Limited, a new company formed by eight shareholders, each of whom have individual experience across the care sector. This extensive experience ranges from NHS professionals, registered nurses, accountants and finance advisors and previous care home managers.
Each of these shareholders will provide operational support, while Binodbikash Simhada and Prabhu Ram Neupane will lead the day to day running of the care home, which they hope to be able to expand and create further rooms. This purchase marks the first in a proposed portfolio, with Aura Care Ltd hoping to continue to acquire several care homes across the South West.
Aura Care Limited comments, “Christie Finance supported us in the transaction from start to finish, helping with the challenges that came about throughout the transaction.”
Jimmy Johns, Finance Consultant who secured the finance comments ““It was great to help this new care company buy their first home and look forward in continuing to support them as their group grows. It’s exciting to be able to say, I helped it all begin.”
Oliver McCarthy, Business Agent at Christie & Co handled the sale and comments “I have no doubt that Aura Care Limited will continue to grow and look forward to a lucrative working relationship in which we can help them realise their aspirations”.

https://www.christiefinance.com/

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