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News Corporate 25th Jul 2019

Freeths LLP advise Anchor Hanover Group on their acquisition of five high-quality care homes

The Freeths Care Team advised Anchor Hanover on their recent acquisition of five luxury residential care homes previously owned and operated by Hadrian Healthcare Group.

The homes, in Yorkshire and County Durham, provide a total of 382 en-suite rooms for older people, including those with dementia. The deal brings the total number of care homes operated by Anchor Hanover up to 114.

The deal included Wetherby Manor, which was named by Knight Frank as UK Luxury Care Home 2018 and The Manor House in Barnard Castle which was a finalist in the 2017 International Design Awards, run by the Society of British and International Design.

Anchor Hanover has acquired each home on an institutional strength lease providing a 35-year term and an option for Anchor Hanover to extend for a further 10 years.

The Freeths team were led by Sarah Moore and Thomas Golding.

Sarah commented: “We are delighted to have worked with Jane, Sarah, Mark, Jo and the rest of the Anchor Hanover team on this transaction over the last 12 months. Having visited one of the homes myself, I can see what a fantastic addition the Hadrian locations are to the Anchor Hanover offering at the very top-end of the market in the north of England.”

Mark Greaves, Anchor Hanover’s Managing Director of Care Services, said: “Having worked with Freeths on a number of deals now, I have always found them to have great care sector experience. They always work with professionalism, diligence and have a “can do” attitude, working hard to get the deal done”.

Anchor Hanover is England’s largest provider of specialist housing and care for people in later life – with eight homes rated ‘outstanding’ by the regulator, the Care Quality Commission.

Freeths LLP is a national, full-service law firm with unrivalled experience in the care sector. Freeths Care Team dedicated team of lawyers are market-leading experts, advising operators, developers, investors and other sector stakeholders.

Sarah Moore, Director

Author: Sarah Moore

Director

Thomas Golding - Real Estate Lawyer

Author: Thomas Golding

Partner

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