This facility is being used to fund both the refinancing and development of the scheme and is the fifth loan Beaufort has provided to the unnamed developer - a specialist in the later living space.

Once complete, this site will deliver 54 apartments alongside a range of residential amenities including 51 car parking spaces, a one-acre orchard and communal gardens.

These will be a mix of studio, one- and two-bedroom apartments.

Amenities on-site include a restaurant, loung, bar and 24-hour concierge.

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The development, which uses air source heat pumps and solar thermal panels, is being built around a renovated Grade II listed building.

“Beaufort are delighted to continue our long-established relationship with this best-in-class developer and operator,” said Steffan Goold, director at Beaufort Capital Management, investment advisor to Beaufort Capital.

“We look forward to our continued partnership throughout 2025 and beyond.

“With an ageing population in the UK, there is a pressing need for more high-quality care facilities.

“This project is a step towards ensuring our elderly population is properly supported in their later years.”