Barwood Capital

Barwood Capital to provide funding to care home developer

Barwood Capital has agreed a funding partnership with care home development specialist Duncan Ford.

A new company – Perseus Land & Developments Limited – has been set up by Duncan, who has overseen the acquisition and obtained planning permission for more than 50 developments throughout the UK, including the provision of over 3,500 care home bed spaces.

Perseus will be a developer and facilitator of bespoke residential accommodation for older people.

The partnership will see Barwood Capital fund the acquisition of sites with Perseus as development manager.

The Barwood 2017 fund closed earlier this year with the capacity to invest in £150m of regional property opportunities.

“We are delighted to be partnering with Duncan Ford and his new company Perseus,” said Joanna Greenslade, managing director at Barwood Capital.

“This will give our investors access to some exciting opportunities in a growing and undersupplied market with an outstanding development manager.”

Duncan, who will be managing director at Perseus, added: “Barwood Capital is an excellent fit for Perseus due to its commitment to invest in regional land and development opportunities outside London.

“There is an underlying need for specialist accommodation for older people which is truly nationwide.

“Together, we will be able to unlock opportunities across the risk spectrum to help deliver the ever-increasing demand for care homes.”

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