Geldards Corporate team advise Derby City Council on transfer of care home ownership

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Geldards’ Midlands-based Corporate team have successfully advised Derby City Council on the transfer of ownership of three of its care homes to Agincare, to secure investment in the homes for people in Derby for the future.

The homes provide residential care to older people within the city and will now be run by Agincare, a leading provider of a range of care services, and a family owned business in operation for over 30 years. Agincare will be working closely with the residents and looking to improve the homes as part of the conditions of the sale, to secure the facilities into the future for Derby’s elderly citizens.

The Geldards team was led by Partner Jenny Chatten, assisted by Associate Sarah Bailey, who dealt with the corporate side of the transaction, and Partner Paul Hilsdon led on the property aspects.

Kirsty McMillan, Service Director at Derby City Council, commented on working with Geldards:

“Just to note from my point of view that the team has been very responsive, patient, diligent and courteous throughout – especially over the last few weeks. They have been an extremely helpful support for me in terms of the transaction and have kept me sane when I could have easily lost the plot. I know they will think they were just doing their job – but in my view I would say they have gone the “extra mile” on this and it has been greatly appreciated.”

Commenting on the transaction, Jenny, said:

“We are delighted to have worked with Kirsty, and Derby City Council, on the transfer of these care homes. The Geldards team worked hard to complete this transaction and I am grateful for all their efforts. I would like to thank Kirsty and the Council for working with us, and we look forward to working with them again in the future.”

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