The developments are located in York (66 beds), Bowburn (73 beds) and Preston (74 beds) and will all feature single occupancy, 100% en-suite wet room provision.

North Bay specialises in the development and operation of care homes; currently running 47 schemes (over 2,700 beds) across Yorkshire & The Humber, North East, North West and the Midlands.

The developments are targeting completion in Q4 2026.

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“We’re proud to continue our longstanding relationship with North Bay by supporting the development of three high-quality care homes across York, Bowburn and Preston,” said Tony Throp, director and head of healthcare at Puma Property Finance.

“With strong demand fundamentals and resilient performance characteristics, the care sector remains a key focus for us at Puma, and we’re pleased to be backing one of the UK’s top care operators as they expand their footprint.”

Richard Hoggart, CEO at North Bay, added: “We are delighted to receive support from the team at Puma in building these care homes.

“They are set in fantastic locations, and we look forward to providing our future residents with the very best that the care sector has to offer.”