ELEVATION Healthcare Properties has completed the acquisition of land and agreed to forward fund the development of a care home with Connaught Care as operator.
Once completed, the setting will be let on a long-term lease with RPI-linked escalator with cap and collar to Connaught, growing an existing operator relationship for EHP.
The development will provide 80 en-suite wetroom beds to the community in Felpham (West Sussex), set to open in 2027, which will include a hair salon, café bistro and children’s games room.
James Giles, investment director at Elevation, said: “We are excited to celebrate adding our 50th high-quality home into the portfolio of EHP, and to continue our growing partnership with Connaught as we continue deployment of the fund.
“The care home will provide 60-80 jobs to the local community and will be built to exceed the latest environmental standards.
“Connaught’s strategy for progressing ESG and sustainability is strongly aligned with that of Elevation and we are delighted to fulfil the local market need for care homes which are built for longevity to benefit the lives of residents, staff, families and the local community.”
The home has been designed to incorporate the latest environmental technology, omitting gas from its design to dramatically reduce carbon emissions in operation.
It will instead include air source heat pumps, solar panels and an all-electric design including in the laundry and kitchens to target an EPC A rating, BREEAM Construction rating of ‘Very Good’ and a BREEAM In-Use rating of ‘Excellent’.