Southern Cross given four months to deal with financial crisis

AN Edmonton care home will continue to be run by troubled firm Southern Cross for the next four months while a permanent solution is thrashed out.

The fate of 752 homes across the UK managed by the company was discussed at a summit meeting yesterday with landlords and financers, amid fears of a collapse of Southern Cross.

Among the homes is Sunbridge Care Centre, in Hickory Close, Edmonton, which care for up to 43 elderly and vulnerable residents.

A deal has been struck to give Southern Cross four months breathing space to address its financial difficulties, having posted losses of £311m in March.

It is ultimately expected landlords will walk away from the operator, opting to take control of the home themselves, but no announcement has yet been made on that front.

A statement from Southern Cross said: “At a meeting today, Southern Cross, its lenders and the Southern Cross Landlords' Committee reached an agreement to ensure that the continuity and quality of care to all 31,000 residents will be maintained and that every resident will continue to be well looked after."

The Darlington-based firm, the UK's largest care home operator, has been struggling under a £202m annual rent burden while its own income falls as public sector customers, such as local authorities, make cutbacks.

The company, which employs 44,000 staff, recently revealed plans to cut 3,000 jobs. These include more than 300 nurses, while 1,275 care staff, 700 catering posts, 440 domestic jobs and 238 maintenance roles could also go as part of its business revamp launched 18 months ago.

Homes For Rent In Edmonton - News


Boom Town North: lessons in growth

In 2010, the average sale price for a single detached house in the municipality was about $676000, the second-highest average price in Canada after Vancouver. Fort McMurray has the highest average market rental market in Canada, and an average rent for



It takes an Edmonton high school to put a roof over family's head

When Tiffani could not longer afford the rent any longer, she moved in with her parents. “She's looking forward to getting her stuff in (the new house) and making it a home,” said Tiffani's sister, Ashley. Shayla is making plans to decorate her new



Longer term housing for Slave Lake crews

But new longer-term homes are slowly coming in to fit the needs of their families. "The first and most important thing is to re-establish first responders who did live in the community. I'd ask anyone in the Edmonton or Calgary area, 'Where would we be



Setting the stage for a flawless home resale

"We already had a move date and we didn't want it to be vacant on the market," Fletcher said of the 1934 character house he shared with fiancée Behn Smith in the Westmount area. "And we didn't want to have an overlap in terms of mortgage or rent or



Location prime draw for luxury Arizona lofts

Hundley says Safari Drive was built in 2006 during the move toward greener urban living, and he observes that pedestrian-friendly planning appeals today: "Look at the types of homes people are demanding to own or rent now.




Houses for Sale in Edmonton North As a Good Investment Opportunity ...

We all work very hard in our lives to make a good living for ourselves and our family members, who are very close to our hearts. For a good future, we need to invest our hard earned money in safe investment routes. When it comes to the safety and the potential of long term returns, real estate sector beats all its competitors by a huge margin. As such, if you can purchase houses for sale in Edmonton North , it would be a great investment. If you want to live in it, you can save on your rental costs too. If not, you may rent it out to others and make a steady income. After a few years, when you decide to sell it off, you will have a very huge amount of money in your possession. The returns gained from real estate sector has been the best for many many decades now.


Twitter

Karri Bierner Homes and Apartments for Rent in Edmonton


Stanton Naifeh Homes and Apartments for Rent in Edmonton


Carlos Boiani Homes and Apartments for Rent in Edmonton


Homes For Rent In Edmonton - Bookshelf

Parliamentary papers, House of Commons and Command

Parliamentary papers, House of Commons and Command

200 in building a new house besides. I think these premises are let on good terms. There are other premises in Edmonton let for 42 years from Michaelmas ...

A History of the county of Middlesex

A History of the county of Middlesex

In 1354 William Causton granted all his property in Edmonton, Enfield, .... 20 ie 2 houses, 142 a., 34s. rent and the services of 27 tenants: CP ...

Edmonton in Our Own Words

Edmonton in Our Own Words

A new house might cost an astronomical $4700, but perhaps they could rent a basement suite to a tenant if they built a separate entrance? ...

Homes in Alberta, building, trends, and design, 1870-1967

Homes in Alberta, building, trends, and design, 1870-1967

The bathroom was to be located on the second floor of a two-storey house and each room, ... In 1919, rent in Edmonton and Calgary was up 25 percent, ...

The suburban homes of London, a residential guide to favourite London localities, their society, celebrities, and associations, with notes on their rental, rates and house accommodation

The suburban homes of London, a residential guide to favourite London localities, their society, celebrities, and associations, with notes on their rental, rates and house accommodation

EDMONTON. Just beyond Northumberland Park, Tottenham, tho highroad takes the traveller into that Edmonton parish which has a population of 17000. ...

Find Information Directory


Edmonton - RentFaster.ca
Search for apartments and houses to rent in Edmonton, Alberta, Canada.

Alberta Apartment and House Rental Classifieds | Home Rent
Search rental property classifieds in Calgary, Edmonton, and surrounding areas. Features houses, apartments, condos, executive, shared, and more.

Edmonton Home Rentals, Homes for Rent in Edmonton, Apartments ...
Search homes for rent and apartments in Edmonton. Get notified of new listings. Advertise your rental property for FREE!

Search Edmonton Apartments | Find Edmonton Houses For Rent ...
Search Edmonton Apartments, Edmonton Houses For Rent, and Edmonton Homes For Rent at RentersOnline.

Edmonton Real Estate & Edmonton Homes For Sale — Trulia.com
Find Homes For Sale in Edmonton. Search Edmonton, Kentucky real estate, recently sold properties, foreclosures, new homes, school information and much more on Trulia.
TOP