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13 August 2021

Healthcare team advises Country Court Care on £57m sale of three care homes

The Healthcare team at Charles Russell Speechlys has advised long-standing client Country Court Care on its sale of the freehold interests in three care homes (Ferrars Hall, Lakeview Lodge, Oakview Lodge) to Cofinimmo, a Belgian REIT, for £57m. The nursing and care homes are situated in East and South-East England and count approximately 200 beds in total.

Country Court Care Group Ltd has been active almost 35 years as a nursing and care home operator, with sites clustered between London and Nottingham. This well-established family operator offers in excess of 1,750 beds across 35 properties. The group has three additional nursing and care homes under construction with further expansion on the horizon.

Cofinimmo, listed on Euronext Brussels,  has been acquiring, developing and managing rental properties for over 35 years. The company has a portfolio spread across Belgium, France, the Netherlands, Germany, Spain, Finland, Ireland, Italy and the UK with a value of approximately 5 billion EUR.

Michael Lingens, Corporate Partner at Charles Russell Speechlys commented: “We were delighted to assist Country Court Care on this transaction. We are seeing an increasing level of international investment into the Social Care sector, and as a firm we are well positioned in leveraging our deep sector understanding and expertise in acting for family-owned businesses as well as on cross border, multijurisdictional transactions such as this.”

Charles Russell Speechlys team, led by Michael Lingens, included Nathan Lightman, Alex Stevens and George Lawson (Corporate), Mark Smith, Nicky Marriott, Vanessa Jones and Henry Cuthbert (Real Estate) and Daniel Sullivan, Edith Lai and Marie-Laure Homolle-d’Arras (Banking).

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