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Perseus Land & Developments Completes Unconditional Purchase of Guildford Care Home

Perseus Land and Developments, the developer of bespoke care homes, retirement and residential accommodation for the later living sector, in collaboration the Barwood Property 2017 Fund, has completed the unconditional-on-planning purchase of the former Ashley House Care Home in Guildford.

Ashley House Existing

Ashley House, which closed in July 2020, was a converted 32-bedroom care home on a 1.1-acre site in a prime location where house prices within a two-mile radius average £600,000.
Perseus submitted a planning application in July to demolish the existing care home and develop a purpose built 60-bedroom facility in its place. This will provide much-needed residential, dementia, respite and palliative care for local people.

Duncan Ford, managing director said, “We are delighted to have acquired this site. This acquisition resulted from some good, old fashioned “door knocking”, which is a lost art among many developers, but one which we still value”.

Perseus has an excellent pipeline of site acquisitions in similar, prime locations and is always delighted to assist care home operators with their expansion plans.

Perseus is also prepared to purchase sites unconditionally-on-planning and welcomes enquiries from agents or landowners.

Ashley House Proposed

Perseus was advised by Christie & Co, Gillings Planning and Shoosmiths LLP on this purchase.

Perseus Secures Planning Consent for Cutting-Edge Dementia Nursing Home at Seven Hills Road, Weybridge

Weybridge CGI

Perseus Land and Developments, the developer of bespoke care homes, retirement and residential accommodation for the later living sector, in collaboration the Barwood Property 2017 Fund, has successfully obtained planning consent for a 64 bedroom nursing home on a former Wyevale Garden Centre site in Weybridge.

The site, which was acquired unconditionally in 2019, occupies a prime location between the private St George’s Hill residential estate and the renown Whitely Retirement Village, which is home to around five hundred older people.

This is the first of several schemes where Perseus has subdivided the bed spaces into ‘households’ of eight, each with their own, independent kitchen and lounge. It is sincerely hoped this will engender a sense of ‘family living’, that residents can be grouped together according to their healthcare needs, age-group and/or hobbies and interests, and that it will be much easier to isolate individual ‘households’ and bedrooms should the threat of Covid-19 continue. View Weybridge Floor Plan

Weybridge CGI

Duncan Ford, managing director said, “It is hugely pleasing to have secured planning permission to redevelop this Green Belt site for a much-needed, dementia-led nursing home. We are all terribly excited to see this scheme get built out and make a big difference to the quality of life for local people living with dementia and other conditions. Expect to see more along similar lines from us in the near future.”

Perseus would like to convey its special thanks to Harris Irwin Architects, Gillings Planning and Curtin & Co for their support throughout the planning process.

Perseus Land & Developments appoints construction director

Perseus Land & Developments, the developer of bespoke accommodation for the later living sector, has appointed Tom Duck as construction director.

Tom is a chartered project manager and has 20 years’ construction project management experience. He joins from Fed3 Projects, a niche project management consultancy focused on the healthcare sector where he was a director. He has specifically spent the last five years working with Signature Senior Lifestyle on delivering its pipeline of luxury care homes in London and the South East.

Perseus was launched by care homes’ specialist Duncan Ford in September 2018 in a funding partnership with Barwood Capital, the Northampton-based UK regional real estate investment and development specialist. Perseus has now acquired 12 sites across the UK for care homes, retirement accommodation and extra care accommodation.

Duncan Ford, managing director, Perseus Land & Developments said: “We would like to offer a warm welcome to Tom who approached us speculatively about working with our rapidly expanding team. His strong development and project management skills, gained whilst working on behalf of one of the most prestigious care home operators in the industry, will be invaluable to us as we continue to acquire new sites for the delivery of high-quality later living accommodation hand-in-hand with attractive investor returns.”

21st July 2020

Perseus Land & Developments appoints senior development surveyor

Perseus Land & Developments, the developer of bespoke care homes and residential accommodation for older people, has appointed Holly Pullinger as senior development surveyor one year after the firm launched.

Holly has joined from Octopus Real Estate where she worked for five years focusing on development management, investment and asset management, including the acquisition of primary care property totalling £30 million. Holly gained a MSc Real Estate from the University College of Estate Management, Reading and a First Class Honours in LLB Law from the University of Surrey. Holly’s role at Perseus is to work alongside other members of the development team on the acquisition of new opportunities, the delivery of build-outs, and management of existing and new relationships with healthcare operators.

Perseus was launched by care homes’ specialist Duncan Ford in September 2018 with a funding partnership with Barwood Capital, the Northampton-based UK regional real-estate development and investment specialist, to source sites for its Barwood Regional Property Growth Funds. The partnership recently announcement that they had successfully acquired five care home sites across the UK to deliver more than £55 million GDV and 347 beds with further sites in the pipeline.

Duncan Ford, managing director, Perseus Land & Developments said: “Our first year has been strong in terms of site acquisitions, owing much to Barwood’s financial capabilities and our USP of being able to acquire compelling sites without planning consent in place and/or which are too large for our competitors. This enables us to deliver more opportunities and invest in local communities to build high-quality care homes, meeting the needs of older people while also delivering healthy investor returns. With various pre-let discussions taking place with care home operators and our strong pipeline, we have been able to expand the team. We warmly welcome Holly who has strong public and private healthcare sector experience and a legal background which I have no doubt will be of benefit as we continue to grow the business.”

Holly Pullinger, senior development surveyor, Perseus Land & Developments added: “I was looking to bring my property and legal experience to a business that has a clear vision and an ability to source exceptional sites. Perseus has both and I look forward to working with Duncan to deliver outstanding care homes to local communities and returns to investors.”

Duncan Ford launches Perseus Land & Developments through partnership with Barwood Capital

Care home development specialist Duncan Ford has agreed a funding partnership with Barwood Capital, the Northampton-based real estate investment manager, to launch his new business.

The new company, Perseus Land & Developments Limited (“Perseus”), has been set up by Duncan Ford who has more than twenty years’ experience in the healthcare property sector, working for Frontier Estates, 
Tilfen Land and Danescroft Developments.
He has overseen the acquisition and obtained planning permission for more than fifty developments throughout the UK, from Exeter to Edinburgh 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 who have both emerging and acute care needs including sheltered housing, extra care housing and new care homes.

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.

Joanna Greenslade, managing director of Barwood Capital said: “We are delighted to be partnering with Duncan Ford and his new company Perseus. This will give our investors access to some exciting opportunities in a growing and under-supplied market with an outstanding development manager.”

Duncan Ford, managing director, Perseus Land & Developments Limited 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.”