27/01/2026

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 Zephyr X’s development of a high-quality care home.  Once completed, the home will be let on a long-term lease with RPI-linked escalator with cap and collar to EQ Care Group (“EQ Care”), a new operator relationship for EHP.

The development will provide 70 ensuite wet-room beds to the local community in Newport (Shropshire), a market town with a deep undersupply of quality care beds.  The home is set to open in 2027 and will be embedded in the community, neighbouring a new residential and retirement living development.  The home will be a category leader in its micro-market and has been designed to a high specification to enhance the wellbeing of residents, relatives and staff.  Amenities include a hair salon, café, shop, physiotherapy room, and other dining, activity and lounge rooms.

EQ Care is a growing operator with five high-quality care homes, comprising 322 beds, and an active pipeline of development sites which are either ongoing or due to begin in the coming year.  Dedicated to high-quality and compassionate care, EQ Care provides residential, nursing and dementia support in beautiful purpose-built environments, led by the latest technology.

The new development has been designed to incorporate environmentally sustainable technologies, omitting gas from its design in order to 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 and a BREEAM In-Use rating of ‘Excellent’.  The development will also be certified using the Fitwel certification system, affirming the property’s positive contribution to occupants’ health and wellbeing.  The home will also provide a social benefit to the local community providing circa 70 jobs, as well as active engagement with the community throughout development and operation.

Adam Faulkner, Founder of Zephyr X, said: “We are pleased to be partnering with Elevation and Zephyr on the delivery of this new home in Newport.  This development forms part of Zephyr’s wider pipeline of care homes being brought forward through strategic joint ventures and forward funding arrangements, providing a strong platform for EQ Care’s continued expansion.  With two of our first three homes achieving Outstanding ratings, our focus remains on delivering the highest standards for residents, families and our teams as we grow.”

Madison Kominski, Investment Associate at Elevation said: “We are excited to add a further high-quality home to the EHP portfolio and begin a new partnership with EQ Care.  Our forward funding commitment supports their growth while further diversifying the fund through continued deployment.  EQ Care is establishing a strong track record for its quality care provision, highlighted by its recent CQC ratings on its first homes to be rated, which is strongly aligned with Elevation’s focus on partnerships with leading operators.”

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About EQ Care

At EQ Care Group, we believe in heart-centred care. Our approach is built on compassion, respect, and genuine connections, ensuring that every person living in our homes feels truly valued, supported, and at home. We carefully choose our team members based on their kindness, dedication, and natural ability to care. Each member is not only highly skilled, but also deeply committed to providing heart-centred care and support that enriches lives. Through meaningful relationships, engaging activities, and homely environments, we create spaces where our people can continue enjoying the things they love while receiving the care they need. Because at EQ Care Group, we don’t just provide care, we provide a warm, welcoming community where everyone feels cherished, supported, and at home.

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.