OREANDA-NEWS. September 08, 2015. Christie Group plc ('Christie Group' or the 'Group'), the leading provider of Professional Business Services and Stock & Inventory Systems & Services to the leisure, retail and care markets, is pleased to announced that Christie + Co, its specialist provider of agency and advisory services, have brokered a deal between LNT Group and Anchor for the purchase of 24 residential care homes in a deal worth over 100m.

Christie + Co have longstanding strong relationships with both Anchor and LNT Group and was able to leverage that knowledge to identify the opportunity to create a deal. Anchor will take on 24 homes previously run by LNT Group subsidiary Ideal Carehomes. Anchor also recently acquired two further new build turnkey homes. All of the homes were sold on a freehold basis after the freehold interest in seven leasehold properties was simultaneously acquired from landlord Quercus.

The strategic deal benefits both Anchor and LNT Group, building on synergies between the two companies and provided a unique opportunity for Anchor to acquire the largest residential only, purpose built care home portfolio in the UK, further enhancing their own market leading position. 

Richard Lunn, Head of Care at Christie + Co comments: "The sale is one of the largest deals of the year and demonstrates that whilst the overall care sector is facing challenges, including the national living wage, there is still much appetite within the sector for high quality future-proof residential homes."