Prestige Care Group has purchased a 1.2 acre site in Aiskew, North Yorkshire in a deal arranged by Colliers for £1.1m.
The group, which already has seven homes in the Yorkshire area, is seeking to build a new 70-bed development which will provide care facilities for the elderly in the region.
Work is expected to start on site in March and the home is expected to open its doors to residents by June 2025.
Raj Singh, chairman of the Prestige Care Group, said: “We’re pleased to have been able to secure this site in order to develop a new home for clients in this much sought over part of North Yorkshire.
“Our new home will provide essential, good quality care for residents from the area, providing purpose-built modern accommodation within a quaint village in the unspoilt English countryside.”
Liam Prickett from Colliers’ Healthcare team added: “I’m pleased that Raj and his team have recognised the potential from this site, and that we have been able to negotiate this deal with them.
“Prestige are one of the most recognised elderly care home developers and operators in the region, and I’m sure that once completed it will add to the care home mix in the area.”
