£15.5m residential care home is to open in Old Malton

Octopus Real Estate, part of Octopus Investments and a leading specialist real estate lender and investor, has announced the addition of Manor Farm to the Octopus Healthcare Fund’s portfolio of over 100 care homes.

Sandstone Care Group, which has headquarters in Chester and Warrington, will take operational ownership the home upon completion of the build.

The 80-bed home, which will offer a mix of residential and dementia care is currently in development and has been acquired by Octopus Real Estate for £15.5m via forward funding. Upon completion it will be operated by Sandstone on a 35-year lease.

Manor Farm is due to open to residents in Spring 2025.

James Parkin, Co-Founder and Director, Sandstone Care Group, commented:

“We are delighted to have completed this transaction, providing further much-needed care facilities to the North of England. Our growing portfolio of care homes provide a range of residential, nursing and dementia care services within modern, vibrant communities. Our focus is always on providing unrivalled person-centred care for our residents in a welcoming environment, and Manor Farm in Old Malton will be no different.”

Chris Wishart, Care Home Origination Director, Octopus Real Estate, concluded:

“We are thrilled to add Manor Farm to the Octopus Healthcare Fund. We can’t wait for development to start on what will be a purpose-built, fully electric fit-for-future care home that typifies the quality of assets we at Octopus seek to invest in across the UK.

“We welcomed Sandstone Care Group as an operating partner last year and they have demonstrated how they deliver high-quality care, so it’s great to be further strengthening our relationship with them through this acquisition.”

Planning permission for the land, previously known as land and buildings at Manor Farm, 37 Town Street, Old Malton, was granted by the former Ryedale District Council in 2020.

The nearest residential properties are those to the south and south east which front Town Street a

number of which are Grade II listed. The Grade I listed St. Mary’s church with Scheduled Monument of

the Priory is approximately 80 metres south east of the application site.

Planning documents stated the care home is for frail elderly and those living with dementia. The design consists of four linked blocks of accommodation arranged around a courtyard/private gardens. The accommodation blocks are of two and three stories with a footprint of approximately 1750m². There will be 40 beds on each of the ground floor and first floor.

Car parking for 27 cars will be located to the south west of the site towards the entrance with an additional six spaces provided on the eastern side of the site. The care home will operate with 35 members of staff at any one time.

Too large a development for this site

 Out of character in terms of scale- large footprint and three storeys

 Access for fire and rescue services

PLANNING COMMITTEE

27th October 2020

 Slate not in keeping- on prominent building

 Noisy road

 Traffic calming measures

 Public transport provision