Athena Care Home Group purchases pair of Cambridge care homes

Specialist business property adviser, Christie & Co, has announced the sale of a pair of Cambridge care homes, Langdon House and Alex Wood House.

Langdon House, located on Union Lane, is a purpose-built 24-hour residential care home that can accommodate 51 residents who are frail, elderly, and may have a diagnosis of, or are living with, dementia. Alex Wood House on Fortescue Road can accommodate 36 older people over the age of 65 with higher needs and advanced dementia.

The homes were previously owned by the charitable housing association and social enterprise, CHS Group, and were brought to market as they were keen to focus on their other core interests.

Following a confidential sales process with Joanne Mathers at Christie & Co, they have been purchased by Athena Care Home Group.

Stephen Hills, Chief Executive at CHS Group, comments, “The decision to sell Alex Wood House and Langdon House has been extremely difficult but will allow CHS Group to focus its efforts on its core offering of social housing and services for people in need in our community. Athena Care Homes is a family-owned care provider in East Anglia which operates with similar values to our own and we are confident that they will be able to continue providing the excellent level of care currently available at both homes.”

Mala Agarwal, Managing Director at Athena Care Home Group, comments, “We’re delighted to welcome the residents and team at both Alex Wood House and Langdon House to the Athena Care Home family. We’re excited to be able to bring our passion for exceptional care to the Cambridge community and to build on the great work of CHS Group.”

Joanne Mathers, Director at Christie & Co, comments, “We were delighted to work with CHS Group in bringing these homes to the market. Following a confidential marketing campaign, there was strong interest in the homes due to their excellent reputation in the area. Despite uncertainty over increased interest rates and rising operational costs, our experience shows there remains a strong appetite for quality care homes in the region and across the UK.”

Langdon House and Alex Wood House were sold for an undisclosed price.