"By working alongside the established and experienced team at Oakland Care, who put quality and service at the heart of their homes, we can support the delivery of care homes that are fit for the future and meet the evolving needs of society"
- Jenna Hollins - Octopus Real Estate
Specialist real estate lender, Octopus Capital, has announced that it has provided a £13.4 million loan to support the development of a new residential care home in Fleet, Hampshire.
The funding will enable Oakland Care, a well-established elderly care operator and developer across southeast England, to transform a brownfield site into a 70-bed care home over the next two years.
The new development aims to incorporate photovoltaic (PV) panels and air source heat pumps to deliver efficient heating and hot water solutions. This approach is intended to create a sustainable building that reduces operational costs for Oakland Care.
This represents the first lending agreement between Octopus Capital and Oakland Care, with DC Advisory acting as broker.
“The UK care sector faces a significant challenge due to a shortage of quality care homes and an increasing ageing population,” said Jenna Hollins, investment manager – real estate debt at Octopus Capital. “To help address this, we’re lending to developers that we can trust to build care homes we would be happy for our own loved ones to live in. By working alongside the established and experienced team at Oakland Care, who put quality and service at the heart of their homes, we can support the delivery of care homes that are fit for the future and meet the evolving needs of society.”
Joanne Balmer, CEO at Oakland Care, commented, “We are delighted to be partnering with Octopus to deliver our new 70-bed care home in Fleet, a development that represents both a strategic growth opportunity and a bold step forward in sustainable care."
"At Oakland Care, we are committed to redefining what high-quality care looks like by combining excellence in service delivery with forward-thinking environmental design. This home will incorporate advanced sustainability features that not only help reduce environmental impact but also drive long-term operational efficiencies. With Octopus’s backing, we are confident in our ability to scale responsibly while delivering strong, values-led outcomes for residents.”
Hoong Wey Woon, managing director at DC Advisory, added, “I am delighted to have advised Oakland Care on its latest debt raise. Oakland Care exemplifies high-quality care and real estate. In partnering with Octopus Capital, it is primed for continued success.”
