Finance

Oaknorth lends £18.5m on to fund new Aberdeen care home

By 2021-10-04T08:23:00

Care home

Source: Shutterstock/fizkes

Oaknorth Bank has completed an £18.5m loan to Care Concern Group to fund a new 81-bedroom care home in Aberdeen.

Founded in 1991 by Balbir Johal, Care Concern is a family-run business running 78 care homes and specialises general nursing and dementia care across the UK.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Try Property Week For Free to finish this article.

Sign up now for the following benefits:

  • Unlimited access to Property Week
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article TRY FOR FREE NOW

Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.

Registered users and subscribers SIGN IN here to continue