- Founded in 2008 and headquartered in Banbury, Oxfordshire, Montpelier Estates is a leading specialist healthcare developer;
- The £10.8m loan from OakNorth will support the development and operations of a new 75-bed, purpose-built care home in Chatham Waters, Kent;
- Once built, the home will be operated by the Hervines Group, the award-winning advisory, investment, and operational firm specialising in the care sector;
- Those aged 65+ in England and Wales is forecast to grow by a further 2.3m to 13.9m by 2031, highlighting the need for more specialist care homes[1]
London, 18 December, 2025: OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided an £10.8m loan to Chatham Waters Care Home Limited, a joint venture between Montpelier Estates and Hervines Group.
Founded in 2008 and recently relocated to Banbury, Oxfordshire, Montpelier Estates is one of the UK’s most experienced specialist healthcare developers, with over 27 years of sector expertise and a track record encompassing more than £400m of completed projects. The business has developed a wide range of healthcare assets, including secure mental health hospitals, rehabilitation centres, specialist neuro and complex care facilities, dementia-led care homes, hospice accommodation, and primary care medical centres. Its portfolio includes numerous award-winning and highly regarded schemes, including Eden House in Coventry, Shinfield View in Berkshire and Helen & Douglas House in Oxford, the first specialist hospice exclusively for young adults, opened in 2004.
The £10.8m loan from OakNorth will support the development and operations of a new 75-bed, purpose-built care home in Chatham Waters, Kent. The home will specialise in providing nursing, frail, and dementia care, and will offer residents spacious en-suite bedrooms, multiple lounges and dining areas, terraces, a wellness lounge, bistro, hair & beauty salon, cinema, and landscaped gardens. Once built, the home will be operated by the Hervines Group, the award-winning advisory, investment, and operational firm specialising in the care sector.
Anna Ciesielska, Director at Montpelier Estates, commented on the transaction: “The Chatham Waters development represents the first in a new pipeline of care homes we plan to deliver through PICCL, each designed to set new standards in quality and resident experience. OakNorth’s deep sector understanding, flexibility, and willingness to engage early with our vision made them an ideal funding partner. This new home will offer exceptional facilities for residents and their families, and we’re excited to bring modern, purpose-built care provision to a community where demand is growing rapidly.”
Chris Wall, Associate Director of Debt Finance at OakNorth, added: “Montpelier Estates and the Hervines Group bring a powerful combination of development excellence and operational expertise. With the population aged 65 and over in England and Wales forecast to grow significantly, the need for high-quality, purpose-built care accommodation has never been greater. Their long-standing track records give us strong confidence in their ability to deliver and operate a best-in-class home that meets this rising demand. This partnership is exactly the type of experienced and mission-driven team we want to support, and we’re delighted to help bring this much-needed project to life.”
ENDS
Notes to editors
[1] [1] ONS – Subnational population projections for England: 2018-based
About OakNorth
Launched in September 2015 and founded by entrepreneurs, OakNorth is a digital bank focused on serving and empowering the lower mid-market (businesses with £5m-£100m in revenue), that are seeking to scale but are routinely underserved or overlooked by traditional banks.
To date, it has provided $18bn to these businesses across a wide range of sectors, achieving performance metrics that place it amongst the top 1% of commercial banks globally. Its loans have directly contributed to the creation of 61,000 jobs, and over 38,000 new homes across the UK and the US – the majority of which are affordable and social housing.
It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Visit www.oaknorth.co.uk for more information.
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[1] [1] ONS – Subnational population projections for England: 2018-based