Senior living developer Charterpoint has sold a 66-bed care home scheme in Leicestershire to Octopus Healthcare Fund. Work is now starting on site to build the development at New Lubbesthorpe, a pioneering new community in Blaby.

Charterpoint received planning permission for the scheme, along with a nearby mixed-use, two-storey local centre, from Blaby District Council last year. Now, in a deal brokered by Christie & Co, the two and three-storey care home development has been sold to Octopus Healthcare Fund, which invests in best-in-class care homes across the UK.

Charterpoint MD Giles Nursey said:

“We are very pleased to have secured a deal to sell this site to Octopus Healthcare Fund who will now take it forward through development and to completion."

“This scheme will provide a modern, state-of-the-art care home, offering additional facilities at New Lubbesthorpe which has become a popular and vibrant community just 20 minutes from Leicester city centre.”

The care home was designed by Franklin Ellis Architects. New Lubbesthorpe is a pioneering new community set in 325 acres of new parklands and wetlands, south of Leicester Forest East. It will eventually feature a total of 4,250 homes.

Charterpoint, which is based at Edwalton near Nottingham, specialises in developing mixed-use, senior living accommodation, and primary care premises.