Elevation Healthcare Properties has acquired land for a high-quality care home in Felpham, West Sussex, to be operated by Connaught Care, addressing local demand for care facilities while enhancing sustainability initiatives.

Target Information

Elevation Healthcare Properties (EHP), a specialized private open-ended healthcare Real Estate Investment Trust (REIT) advised by Elevation Advisors LLP, is pleased to announce the acquisition of land and the commitment to fund the development of a high-quality care home. This project will be operated by Connaught Care, a distinguished provider in the sector. Upon completion, the care home, which will be leased on a long-term basis to Connaught, features an RPI-linked escalator with caps and collars that supports and expands EHP's existing partnership with the operator.

The development is set to comprise 80 ensuite wetroom beds, aimed at addressing the pressing demand for quality care accommodations in Felpham, West Sussex—a scenic coastal town that suffers from a significant undersupply of care beds. Anticipated to open in 2027, the facility is designed to enhance the wellbeing of residents, families, and staff members, offering amenities such as a hair salon, a café bistro, and a children's games room.

Industry Overview in the UK

The UK healthcare sector is witnessing a transformative period, driven by an aging population and increasing demand for high-quality elderly care facilities. The necessity for enhanced care services has become