The Group looks to selectively grow its property portfolio by funding and acquiring high quality developments and newly developed facilities and investing in already completed, let healthcare real estate.
Activity in 2024 |
- Opportunistic acquisition of one standing let investment at Basingstoke for £4.5 million and commenced work on the Group’s second development at South Kilburn, London, for £3.3 million
- Portfolio of 516, including 21 in Ireland at year end with one further acquisition of Laya Healthcare facility for €22.0 million/ £18.2 million in February 2025
- Total property return in the year of 4.2%, with the income return remaining strong at 5.5% offset by unfavourable movements in valuation of -1.3%; however, we saw stabilisation of values in the second half of the year
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Looking forward |
- Sector fundamentals of long leases and government backed income continue to drive demand in the sector
- Continue to monitor a number of potential standing investments, direct and forward funded developments and asset management projects with an advanced pipeline across a number of opportunities in both the UK and Ireland but these will only be progressed if accretive to earnings
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Content sourced from 2024 Annual Report.