Operated by Acacia Care, the care homes will be located in Radcliffe, Nottinghamshire and Peterborough, Cambridgeshire.

These two homes will provide 152 beds and be leased on 35-year, fully repairing and insuring, index-linked terms. Octopus acquired these developments on behalf of the Octopus Healthcare Fund.

Both will be powered by air source heat pumps and solar panels, with designs targeting BREEAM ‘Excellent’ and EPC ‘A’ ratings. Completions for Autumn 2026 and Spring 2027 are being targeted for the Radcliffe and Peterborough sites, respectively.

This marks the fourth and fifth homes funded through the partnership between Octopus Capital and Synergy Care, building on the completions of Regency Manor in Hunstanton and Ashmore Grange in New Lubbesthorpe earlier this year. A further Synergy Care home in Burton-upon-Trent is under construction and due to complete in January 2026.

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“It’s great to be working again with Synergy Care, as we continue to collaborate with their experienced team to help meet the growing demand for high-quality care provision in these two areas,” said Max Weitzmann, investment director at Octopus Capital.

“It’s incredibly rewarding to have found such a strong partner for current and future projects, whose values align so closely with those of Octopus Capital — to deliver more modern and sustainable homes that are fit for the future.”

Jay Patel, managing director at Acacia Care added: “We’re delighted to be continuing our relationship with Octopus Capital to fund and operate these two purpose-built care facilities.

“At Acacia we believe that everyone has the right to live in a dignified, private and respectful environment, and the homes we have funded with the Octopus team are a prime example of that commitment.”