Elevation Healthcare Properties has acquired land to forward fund Zephyr X's development of a new high-quality care home in Newport, establishing a partnership with EQ Care Group to address local care needs.

Target Information

Elevation Healthcare Properties ("EHP"), a specialist private open-ended healthcare Real Estate Investment Trust (REIT) advised by Elevation Advisors LLP, has successfully acquired land to forward fund the development of a high-quality care home by Zephyr X. This new care home will be leased long-term to EQ Care Group ("EQ Care"), marking the establishment of a new operator relationship for EHP.

The care home, designed to cater to community needs in Newport (Shropshire), will feature 70 ensuite wet-room beds and is scheduled to open in 2027. With a focus on quality, it will be integrated into a residential and retirement complex and aims to become a leader in its sector. The facility is set to include a range of amenities, including a hair salon, café, shop, physiotherapy room, and various dining, activity, and lounge spaces, all designed to enhance the experience of residents, their families, and staff.

Industry Overview

The healthcare sector in the UK, particularly in residential care, is at a critical point, with a significant undersupply of quality care facilities. The demand for high-standard care homes is growing due to an in