Legal Advisor to Hallmark Luxury Care Homes Business Property Advisor Legal Advisor to Dreams Care Homes The Sale of Cherry Tree Care Home DEAL BRIEF ADVISORS Christie & Co, a specialist business property adviser, has successfully overseen the sale of Cherry Tree Care Home in Caldicot, South Wales, for an undisclosed amount. The care home, which has been under the ownership of Hallmark Luxury Care Homes for 27 years, has been acquired by Basanta Nepal of Dreams Care Homes, marking a significant strategic shift for both parties involved. Cherry Tree Care Home is a purpose-built facility that accommodates up to 41 residents who require residential and nursing support. The property is wellregarded for its quality of care and has long been an established part of Hallmark’s portfolio, serving the local community effectively for nearly three decades. Aneurin Brown, managing director at Hallmark Luxury Care Homes, highlighted the rationale behind the sale. Despite the home’s positive reputation and historical significance within Hallmark, it did not align with the company’s broader long-term strategic direction. This divergence led to the decision to proceed with the sale, allowing Hallmark to focus on its core portfolio. The new owner, Basanta Nepal, managing director of Dreams Care Homes, brings considerable experience to Cherry Tree, with two existing care homes in southeast Wales. Nepal expressed excitement about the acquisition and praised the current staffing team, indicating a commitment to maintaining and enhancing the level of care provided. The transaction was managed by Rob Kinsman, regional director – Care at Christie & Co. The process was conducted with a focus on discretion and efficiency to maintain business continuity. Kinsman expressed satisfaction with the seamless execution and completion of the sale. Hallmark Luxury Care Homes received legal counsel from Morgan LaRoche, while Dreams Care Homes was represented by Bowcock & Pursaill, ensuring that all legalities were thoroughly addressed to facilitate a smooth transition. The strategic acquisition by Dreams Care Homes positions Cherry Tree for continued excellence under new leadership, supported by experienced legal advisement from Bowcock & Pursaill. 56 LAWYER MONTHLY MARCH 2025
RkJQdWJsaXNoZXIy Mjk3Mzkz