The healthcare real estate market has undergone significant change in recent years, with retirement housing, integrated retirement communities (IRC) and care homes withstanding unprecedented pressures during the pandemic.
However, care home developers have continued to focus their attention on the long-term to meet the growing demand for modern facilities.
According to Savill’s February 2022 UK Senior Living Report, £4.6 billion had been invested in senior living in the preceding 18 months. Yet, market insights show us that the UK still lags behind other countries in developing adequate residential properties for this market. It is estimated that Australia and the USA are around 20 years ahead of the UK in this sector.
Forecasts predict the number of people over 65 in the UK will reach 15.3 million by 2030 and 18.8 million by 2050. As a result, at least 325,000 more purpose-built care home beds will be needed to fulfil the needs of the elderly population. So, many investors have turned to the UK healthcare market for attractive and reliable returns.
Rynda Healthcare’s 2022 acquisitions
Rynda Healthcare — our investment and asset management platform that acquires high-quality properties in the care home and senior living markets — has made excellent progress in the care home sector, closing several significant transactions in the last year.
Rynda Healthcare has acquired many healthcare assets in 2022, including two care homes from Avery Healthcare, a specialist developer and operator. The properties in Littleover, Derby and Braintree, Essex, are currently under construction and will be leased to Avery from completion with expected delivery dates of September 2022 and late 2023 respectively.
Five care homes have also been acquired from Hamberley Group, a luxury care home developer and operator. This transaction, worth more than £100 million, comprises 35-year leaseback agreements for care homes in Eastleigh, Enfield, Wixams, Verwood and Upton. Two of these properties are under construction, one has recently opened and two are trading strongly after extensive upgrades.
Finally, Rynda Healthcare acquired a 90-bed care home in Edinburgh from Nuveen’s Janus Henderson UK Property PAIF in January 2022. This property, let to one of the top five operators by market share in the UK, Care UK, boasts abundant outside space and features rooms with en suites, communal lounges, shared and private dining spaces, a café, cinema and beauty salon.
Celebrating innovation at the 2022 HealthInvestor Awards
Rynda Healthcare’s activity in the healthcare real estate market was recently formally recognised by one of the most renowned award ceremonies in its field: the HealthInvestor Awards. This event recognises and rewards high standards and promotes innovation and excellence across various independent health and social care industry sectors.
The HealthInvestor Awards has had great success over the last 15 years, raising over £425,000 for charity, and welcomes 1,200 guests each year to celebrate outstanding contributions to the business of healthcare.
After a successful year, the team at Rynda Healthcare is delighted that our healthcare investment division was nominated as a finalist in the Property Investor of the Year category alongside other leaders in the UK’s healthcare investment sector.
Winners will be announced on 8 June 2022.
Rynda is a real estate investment management house that, following intensive research, develops timely investment strategies it then executes on behalf of global clients. To find out more about our services, get in touch with one of our experts via our contact form or call +44 20 3328 4700.