Travers Smith LLP has advised long-standing client Cinnamon Care Homes (Cinnamon Care) on the refinancing of two luxury care homes in Chichester and Dorset with a £19.5 million facility from specialist property lender Leumi UK.
Cinnamon Care is an exclusive group of luxury care homes and retirement developments in locations throughout the country.
Danny Peel, Head of Finance, commented: "We are really pleased to have advised the Cinnamon team on the refinancing of their latest homes, as the "beds and meds" model continues to defy wider market pressures on the UK real estate industry."
The Travers Smith team was led by Head of Finance Danny Peel, supported by Senior Counsel Laura Smith, Associate Fiona Cantlay, and Trainee Kurtis Skellern.
A Knights team led by Real Estate Partner Paul Kenny advised Cinnamon Care on the real estate and construction elements of the transaction. Osborne Clarke (Ben Truman and Nick Padget) advised Leumi.
Our Real Estate team have written a two-part briefing on ESG challenges in the healthcare and senior living sectors. Please read them here: Part 1, Part 2.
