Real estate fund Elevation Healthcare Properties (EHP) has completed the sale and leaseback of a Cambridgeshire care home.
Henbrook House, which is let to Connaught Care on a long-term lease, boasts 69 en suite bedrooms, a bistro, cinema room, private dining room, and health spa. The home has an EPC A-rating and a BREEAM New Construction rating of ‘Good’. In addition to an all-electric kitchen and laundry equipment, Henbrook House incorporates water efficient fittings throughout. To encourage sustainable travel, there are EV charging points and cycle storage, in addition to the home’s proximity to local public transport.
Connaught Care CEO Andrew Winstanley said: “We are delighted to have partnered with EHP for the sale and leaseback of Henbrook House. This partnership will enable Connaught to continue its ambitious growth plans and realise its pipeline of development opportunities that will see Connaught bringing 11 high-end homes to the elderly care market in a space of 24 months."
James Giles, investment director at Elevation, said: “This is the 22nd asset addition by EHP this year, bringing the portfolio to a total of 45 UK elderly care home assets with over 3,000 beds and a strong pipeline of further acquisitions and pre-let forward funded transactions. Henbrook House has strong environmental credentials in line with EHP’s ESG strategy and we are delighted to fulfil the market need for care homes which are built for longevity and benefit the lives of residents, staff, families and the local community.”
