Allegra Care and Moorfield add 133 beds to partnership through acquisitions in Cambridgeshire and Suffolk
Allegra Care, a U.K.-focused care-home operator, and Moorfield Group, a U.K. specialist real estate fund manager acting on behalf of Moorfield Real Estate Fund IV (Moorfield), have completed the acquisition of two nursing, dementia and care homes in Cambridgeshire and Suffolk, U.K., from Alysia Caring, adding 133 beds to the partnership’s portfolio.
Cherry Blossom, an 80-bed home in Peterborough, Cambridgeshire, and 53-bed Magdalen House in Hadleigh, Suffolk, are modern, fit-for-purpose homes. The homes provide a range of care services tailored to residents’ needs, with options for specialist dementia care and 24-hour assisted living. Cherry Blossom and Magdalen House also offer residents a range of community facilities and wellbeing-focused amenities, including spacious lounges and purpose-built gardens.
This acquisition is the latest for the joint venture between Allegra Care and Moorfield aimed at creating an initial £125 million (€150 million/$170 million) p