Octopus Real Estate has secured a site for an 80-bed care home in Blythe Valley Park in Solihull, West Midlands, subject to planning permission.
The investor in healthcare facilities has exchanged contracts with IM Properties to purchase a 1.4-acre site in the development.
Plans for the care home, including landscaping, have been submitted to Solihull Metropolitan Borough Council.
Blythe Valley Park is a two million sq ft mixed use business park surrounded by parkland and leisure facilities.
Ashley Heath, in Octopus Real Estate’s healthcare development team, said: ‘The potential for a care home in this area is huge – Blythe Valley benefits from feeling incredibly rural with the amount of green, open space. Yet at the same time, it’s also really well connected to Solihull and its surrounding suburbs. We look forward to being able to oversee the build of the care home to provide exceptional healthcare facilities to the local elderly population.’