Elevation Development Partners has successfully sold three newly built care homes to Pierval Santé, highlighting confidence in the UK healthcare real estate market.

Information on the Target

Elevation Development Partners (EDP) is a real estate fund that specializes in the development of high-quality care homes across the UK. This fund is advised by Elevation Advisors LLP, in collaboration with PGIM Real Estate and Care Concern Group (CCG), a leading operator in the elderly care sector. Recently, EDP completed the development and sale of three newly constructed care homes to Pierval Santé, a real estate fund managed by Euryale, a prominent European asset management firm.

In total, EDP has successfully developed six modern purpose-built care homes in partnership with CCG. The recent transaction involved the sale of care homes located in Matlock, Bideford, and Newton Mearns. Notably, the care home at Mearns View in Newton Mearns opened its doors in May 2023 and features 67 en-suite wetroom beds, situated conveniently close to primary transportation routes into Glasgow.

Industry Overview in the UK

The healthcare real estate sector in the UK is undergoing significant transformation, driven by an aging population and the increasing demand for specialist care services. This sector is characterized by a competitive landscape where qual