A new care home will create 100 permanent jobs when it opens in November next year.
Work is due to start this month on the building off Spalding Road, in Deeping St James.
It will have 60 en-suite bedrooms, offering residential and nursing care for older people including those with dementia.
The two-storey property will be built to high specification and incorporate energy efficiency measures.
Developed by LarkPoint – a joint venture between Larkfleet and Charterpoint Developments – the home will be operated by healthcare providers Barchester.
Charterpoint’s Giles Nursey said: “While this is our first development with Barchester and Cinnamon, it is clear from the extensive engagement to date that we possess a like-minded approach to the delivery of high quality care accommodation.”
Kenneth Mackenzie, development director at Barchester Healthcare, said: “We are committed to providing person-centred care and designing living spaces that are second to none for older people and those living with dementia.”
Declan Walsh, managing partner at Cinnamon, said: “I am delighted to announce this latest addition to our portfolio of high specification care homes.
“This is the third transaction this year alone between Cinnamon and Barchester and our first with Charterpoint, who have a shared commitment to delivering best in class healthcare properties.”