The loan was provided to Morrison Community Care Group (“MCCG”) for a 81-bed scheme.

The development will be built over six floors with communal facilities and amenities, including a salon, cinema and restaurant and will be 100% wet rooms.

The loan represents MCCG’s first development within England, having previously operated mainly in Scotland, and the first time Puma has worked with the company, 
Construction will begin in summer 2024, with the care home expected to reach practical completion in February 2026.

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Tony Throp, director and head of healthcare at Puma Property Finance, comments: “We are really pleased to be working with MCCG on its first venture within England.

“With a number of successful care home developments in Scotland, we had no doubt that MCCG would be trusted partners and we look forward to building this relationship further in the future.”

Paul Sokhi, managing director at MCCG, commented: “We are passionate about providing the very highest standard of living and service possible, so it’s fantastic to partner with Puma Property Finance who share these values and have delivered quality care homes over many years.

“We’re now excited to bring our expertise to England for the first time, and Puma have been the perfect partner to go on this journey with.”