Healthcare Property Services: News
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Disposal of care home sites throughout the UK
Edward Symmons Healthcare has been appointed sole agent in the disposal of a number of care home sites throughout the UK, on behalf of an Irish consortium led by development company BAP.
In addition to straightforward sales of land, BAP will work with operators to offer design and build schemes. This offers smaller operators the opportunity to develop their portfolio of property with shared risk.
Further details can be obtained from Peter Dowling at Edward Symmons Healthcare Tel; 020 7344 4500.
EDWARD SYMMONS APPOINTS NEW HEALTHCARE PARTNER
Edward Symmons can today announce the appointment of James Hall as a partner in the specialist national Healthcare team. James will be based in the Birmingham office.
James, who has joined Edward Symmons from another national firm, has been a practicing surveyor since 1987. He brings particular expertise in valuations, development consultancy for operators, banks and investors and operations in the care homes sector since James ran nine care homes between 1998 and 2004. Between 1998 and 2005 he was also appointed by Close Ventures as non-executive director on the boards of two VCT companies that operate care homes for adults with learning disabilities.
James comments, ‘I look forward to working alongside some of the best in the business. Edward Symmons’ Healthcare team is well-known as a key player in this industry. My intention is to bring my experience in valuations and consultancy and my understanding of care home operations to help this team to continue to grow and develop.’
Edward Symmons’ Healthcare team is headed by Henry Harris, who comments: “We are delighted to appoint James as a specialist Healthcare partner. He brings useful knowledge and contacts and extends the geographical spread of our team: Our team of Healthcare specialists now stretches across London, Birmingham, Manchester and Bristol, making us one of the strongest specialist Healthcare teams in the UK”.
James can be contacted on: 0121 200 7620 and at james.hall@edwardsymmons.com.
Valuation of Glenside Manor 
In 2006 Edward Symmons was instructed by a banking client to advise upon the proposed development of a new 45 bed Intermediate Care Unit (ICU) that was planned as an addition to the 104 bed Glenside Manor care complex that specialises in rehabilitating and caring for adults with acquired brain injuries (ABI) as well as elderly dementia clients. The new building had a gross floor area of some 2,900 sq m and a projected build cost of nearly £4.0M. Using our experience of other specialist centres we were able to satisfy the bank’s concerns over trade build up, construction costs and likely end values and the matter progressed.
Our Building Consultancy division project monitored the works and despite issues over floor areas, VAT and other ‘typical’ issues the building opened on schedule this spring.