15/03/2021
Elevation Advisors LLP (“Elevation”) is pleased to announce that Elevation Healthcare Properties (“EHP”), a real estate fund advised by Elevation, has signed a new partnership with Korian S.A. (“Korian”).
Following Korian’s acquisition of Berkley Care Group, EHP and Korian have entered into a lease agreement at institutional terms pursuant to which EHP will lease the real estate of Leycester House, a state of the art 78-bed care home offering high end, all-inclusive services and an excellent level of care located in Warwick, Warwickshire, to a subsidiary of Korian.
Korian, a company headquartered in France and quoted on Paris Euronext, is the leading European care services group for elderly and fragile people with over 1,000 care facilities across six European countries.
Andrea Auteri, managing partner at Elevation said: “we are delighted to welcome Korian as a new operating partner and are excited to support Korian’s future growth in the UK. We want to thank Seamus and his exceptional team for a wonderful partnership.”
Seamus Halton, founder and chairman of Berkley Care Group said: “I have worked with Elevation for the last 18 months and found them to be supportive, efficient and fully understanding of the care home market. Working with them has been a pleasure as they are efficient, open and honest and I have no hesitation in carrying out further transactions in the near future”.
EHP continues to pursue further transactions with a growing exclusive pipeline of future potential investments.
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.