The new 75-bed care home will be an all-electric powered by air source heat pumps and will include solar panels, targeting BREEAM ‘Excellent’ and EPC ‘A’ ratings.

The forward funding is being provided to Burghley Care, the JV partnership between care home operator Park Lane Healthcare, and specialist developer Torsion Care.

Park Lane Healthcare is a new operator joining the Octopus Healthcare Fund.

The development is expected to reach practical completion in August 2026.

Max Weitzmann, investment director of care homes at Octopus Real Estate, commented: “This new care home will not only provide much-needed beds in Hipperholme, but will also set a national benchmark for sustainable and high-quality care facilities; of key importance to Octopus as we are committed to delivering 100% net zero care homes by 2040.

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“The agreement marks the continuation of our relationship with well-positioned developer Torsion Care, whilst providing an excellent opportunity to bring Park Lane Healthcare into the fund, along with Burghley’s strong pipeline of sites across the region.”

Chris Lane, chairman at Park Lane Healthcare, said: “This project marks an exciting milestone for Park Lane Healthcare as part of our JV with Torsion Care.

“Through Burghley Care, we’re combining decades of operational expertise with innovative development capability to deliver a new standard of care.

“The purpose-built home in Hipperholme is just the beginning of what we believe will be a transformational pipeline across the region, offering the highest quality care and addressing increasing demand for residential support.”

Ian Ward, managing director at Torsion Care, concluded: “We are proud to announce this forward funding deal with our funding partner Octopus Real Estate and the formation of a new JV partnership with Park Lane Healthcare under the Burghley Care brand.

“This JV marks an exciting new chapter for our business, as we work towards delivering high-quality, purpose-built care environments that meet the evolving needs of our ageing population.”