Simply UK

Assetz Capital lends £7.2m for Inverness care home development

Glasgow-based property construction group Simply UK has opened a new care home in Inverness after securing a £7.2m development loan from Assetz Capital.

Castle Hill House — which comprises 88 beds — took 13 months to complete, creating almost 100 jobs in the region though contractors and site workers.

John Hewitt, regional director at Assetz Capital’s UK — north team, said: “The care sector has grown in the past few years, with developers identifying the need for more properties to accommodate an ageing British population. 

“Simply UK is one of those striving to meet this demand, and it has created something special in Castle Hill House with its stunning views and luxury offering. 

“We are proud to have supported the team on this ambitious project, and we are looking forward to seeing the home get up and running.” 

Christopher O’Brien, director at Simply UK, added: “Assetz Capital’s expertise in the sector made them a natural fit as a funding partner for us, which has proven successful on three deals so far. 

“We look forward to working with them on future projects.”

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