22/01/2026
Elevation Healthcare Properties (“EHP”), a specialist private open-ended healthcare REIT advised by Elevation Advisors LLP (“Elevation”), is pleased to announce that it has completed the acquisition of land and agreed to forward fund the development of a high-quality care home with Connaught Care (“Connaught”) as operator. Once completed, the home will be let on a long-term lease with RPI-linked escalator with cap and collar to Connaught, growing an existing operator relationship for EHP.
The development will provide 80 ensuite wetroom beds to the local community in Felpham (West Sussex), an attractive coastal town with a dense population and a deep undersupply of quality care beds. The home, set to open in 2027, has been designed to a high specification to enhance the wellbeing of residents, relatives and staff. Amenities include a hair salon, café bistro and children’s games room.
Connaught is an award-winning operator of six high-quality prime care homes in the East and South East of England, comprising 444 beds, and an active pipeline of development sites. With a dedication to high-quality care, Connaught provides residential and residential dementia care in beautiful purpose-built environments.
The new development at Felpham will be a category leader in its market and has been designed to incorporate the latest environmental technology, omitting gas from its design to dramatically reduce carbon emissions in operation. The development will instead include air source heat pumps, solar panels and an all-electric design including in the laundry and kitchens to target an EPC A rating, BREEAM Construction rating of ‘Very Good’ and a BREEAM In-Use rating of ‘Excellent’.
James Giles, Investment Director at Elevation said: “We are excited to celebrate adding our 50th high-quality home into the portfolio of EHP, and to continue our growing partnership with Connaught as we continue deployment of the fund. The care home will provide 60-80 jobs to the local community and will be built to exceed the latest environmental standards. Connaught’s strategy for progressing ESG and sustainability is strongly aligned with that of Elevation and we are delighted to fulfil the local market need for care homes which are built for longevity to benefit the lives of residents, staff, families and the local community.”
Disclaimer
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