Operis acted as financial advisor to Lloyds TSB on the Ealing Care Homes project which reached financial close in March 2005.
The 30 year contract is between the London Borough of Ealing and the Ealing Alliance Limited Consortium, a partnership comprising Servite Houses, Galliford Try and Noble & Co Limited.
The project has a capital value of approximately £30 million, with Lloyds TSB being the senior debt provider. It involves the construction of four resource centres, including residential and nursing care; day care and day hospital facilities; an early diagnosis unit and serviced office accommodation. All but the residential and nursing care will be accommodation only.