Castleoak have partnered with Pramerica Real Estate Investors as part of a £50 million care home investment development programme, across the UK.

As part of the collaboration, care home construction firm Castleoak will provide complete care home development solutions leased to leading care providers.

Speaking about the partnership Executive Chairman at Castleoak, Mel Knight, commented: “Castleoak is delighted to partner with Pramerica to offer care home operators a complete development solution. We’re building on our track record of delivery for customers, and accelerating our development programme.”

Mel added: “We are offering a highly attractive development solution to operators designed to minimise risk and ensure speed to market. We select new development sites following rigorous demographic and care gap analysis, and our in-house development team deals with acquiring the site and achieving planning consent.

“In parallel, our specialist design and build teams apply extensive care sector and construction expertise to create a commercially viable development ready for operators.”

Managing Director at Pramerica, Charles Crowe, commented: “Our client has taken a strategic decision to invest in the UK care home industry. We look forward to partnering with Castleoak, a highly respected specialist care home development and construction partner in the UK, as we seek to deliver to our client attractive, risk adjusted returns driven by solid income.”