Property Title: JLL AND DC CARE SELL SURREY CARE HOMES FOR PWC

Property Type: Care Home / Nursing Home

For Sale / Sold: Sold

Date Posted: 09 May 2012

Location: London

Guide Price: UNDISCLOSED (Freehold)

Property Agency: DC Care Specialist Healthcare Business Agents

Description

DC Care and JLL were instructed during 2011 to act as joint agents for the Receivers and Managers, Karen Dukes, P M Boyden and E M Shires of PwC, LLP to market three care facilities in Surrey. The homes known as The Warren, Waratah House and Alexandra House were marketed openly and keen interest was generated. The homes have been acquired by three separate private operators.

The Receivers and Managers had a number of issues to deal with through the appointment, including working with CQC and the local authorities where improvements were needed.

Karen Dukes of PwC commented; "I'm delighted that we were able to secure these sales. Continuity for over 90 residents and employees was critical to the strategy. It would have meant major upheavals for elderly residents had any of the homes been forced to close. JLL and DC Care worked closely together and with us to manage the separate sales very tightly. This was a great outcome for all concerned."

"The current environment for care homes is challenging. Working through strategies to preserve value, ensure safe provision of ongoing care, and financial viability may need additional support. These sales demonstrate how professionals working together can achieve a great result."