Project Achievements
- 93 general practitioners operate across the Portfolio, providing mission critical health services to over 230,000 patients.
- EPC audit, reassessments and improvements carried out across the portfolio.
- The catchment areas regularly feature above average levels of deprivation, which typically have higher levels of demand for primary care due to comparatively lower levels of physical and mental health.
- UK healthcare investment activity is likely to remain robust with investors attracted to government-backed revenue streams, long lease terms, index-linked reviews and the ability to deliver on ESG strategies.
A growing and ageing population coupled with Covid’s legacy is increasing demand for healthcare services across the UK. As NHS waiting lists reach record levels, the supply of suitable assets for providing quality care is falling, placing considerable pressure on underlying infrastructure and providing the opportunity for social infrastructure investors to generate attractive risk adjusted returns alongside meaningful social impact.
Project Care comprises a geographically diversified portfolio of thirty healthcare real estate assets providing critical social infrastructure and healthcare services across England and Wales. The Portfolio generates rent from leases to the doctors and medical professionals who operate the facilities, which is underpinned by a UK central government covenant; the National Health Service. Each property in the Portfolio has been carefully selected so that most of the surgeries have a patient list of at least 5,000 with limited competition in the area, therefore making the practices mission critical for the NHS in their respective regions.
An initial portfolio acquisition comprising twenty-three mixed freehold and long leasehold GP surgeries and one pharmacy took place in May 2020. Seven further properties were acquired from August 2020 – May 2021.
Investor demand and liquidity options for healthcare assets are expected to remain robust over the coming years given the stability of government backed-revenue streams, long lease terms, supply / demand fundamentals and the continuing growth of the social impact sector.
- 93 General Practitioners operating across the portfolio
- 230,000 Providing crucial health services to over 230,000 patients
- 5,000 Surgeries have a patient list of at least 5,000
- EPC Opportunities for EPC and energy efficiency improvements
