Beaufort Capital has commenced a long-term financing partnership to fund the construction and stabilisation of a portfolio of newly-constructed care homes by LNT Care Developments.
The facility will initially fund the construction of 264 new care beds across England and once complete the portfolio is projected to have a combined stabilised GDV in the region of £100m.
Each development will boast strong ESG credentials and feature solar panels, ground source heat pumps and integrated battery storage. The homes are expected to achieve an energy efficiency rating of EPC A and BREEAM Outstanding.
Mark Quigley, from Beaufort Capital, said: “I am delighted to welcome LNT Care Developments into the Beaufort Capital fold, as its latest borrowing client, particularly given the excellent track-record and 33-year history of the LNT Group. Whilst this financing initially contemplates the funding of four new care home developments, it is anticipated that the portfolio will be added to and expanded over the coming months and years ahead.”
Matt Lowe, CEO of LNT Group, added: “With an ageing population across the UK, there is a huge requirement for new, purpose-built care homes to be developed over the coming years to ensure that every community in the country has a truly great place for their loved ones to live, work and visit. We look forward to working with the Beaufort team to continue to deliver an ESG-forward solution to improving the quality of care facilities across the country.”
