30/11/2024
Elevation Advisors LLP (“Elevation”) is pleased to announce that Elevation Healthcare Properties (“EHP”), a real estate fund advised by Elevation, has completed the sale and leaseback of a high-quality care home. The home is let on a long-term lease with RPI-linked escalator and accomplishes a new operator relationship for EHP.
The care home has a large catchment with an undersupply of quality care beds. The attractive purpose-built home has been designed to a high specification to enhance the wellbeing of residents, relatives and staff, and has wet-room ensuites throughout and large communal spaces and gardens. The home provides residential, nursing, respite and specialist dementia care.
The home has been designed to a high specification and has achieved an EPC B-rating, and it is anticipated that the home will shortly achieve a BREEAM In-Use rating of ‘Very Good’. To further improve the environmental performance in line with EHP’s ESG strategy, solar panels will be installed to allow on-site electricity generation at the home in the near-term.
James Giles, Investment Director at Elevation said: “We are delighted to add this care home built for longevity to the portfolio as we continue the deployment of EHP, and fulfil the market need for high-quality elderly care beds. The home is operated by a team committed to providing excellent facilities and serving the needs of the local community, and we look forward to supporting their continued success.”
Disclaimer
This press release is issued by Elevation Advisors LLP, which is authorised and regulated by the Financial Conduct Authority. The information contained herein is provided for informational purposes only and does not constitute investment advice, an offer to buy or sell any financial instrument, or a solicitation of any kind. Past performance is not a reliable indicator of future results. Any forward-looking statements or projections are based on current assumptions and subject to risks and uncertainties that may cause actual outcomes to differ materially. This communication is intended solely for professional clients and eligible counterparties as defined by the FCA. It is not directed at retail clients and should not be relied upon by any person who does not meet the criteria for professional client classification. Investments may involve significant risk, including the potential loss of capital. Recipients should seek independent financial advice before making any investment decisions. While reasonable care has been taken to ensure the accuracy of the information provided, Elevation Advisors LLP makes no representation or warranty as to its completeness or reliability and accepts no liability for any loss arising from reliance on it.