Hadrian Healthcare is investing £2m into its luxury care home in Newcastle as part of expansion plans across the region and beyond.
The Gateshead-based company has secured planning permission for a number of schemes in the North East and Yorkshire, which will lead to the creation of two new luxury homes and two extension and refurbishment schemes. Other plans within the North are also in the pipeline.
The firm has returned to invest in the luxury care home market after selling five homes across County Durham and Yorkshire in a record-breaking deal in 2019. The £100m-plus deal set a new benchmark for the highest rate ever paid per bed and was also the fourth buyout founder Ian Watson had completed over 16 years.
