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Sector 07 · Healthcare
Care infrastructure, institutionally owned.
Hospitals, medical office, primary-care networks, care homes and senior living.
Care-home yield
8.5%
-25 bps YoY
Occupancy
88%
+3 pp YoY
Pipeline (beds)
1,900
+27% YoY
Rent cover
1.8x
stable
Overview
Demography is the underwrite.
Ageing populations, extended morbidity and constrained public capex are pulling private and institutional capital into healthcare real estate at every scale. Operator quality is the deciding underwrite — we underwrite operators as rigorously as bricks.
Themes we're tracking
The forces reshaping the sector.
01
Demography
Over-65 population doubling over 25 years across our core markets.
02
Private hospital PPP
Public payors procuring capacity through long-lease PPP structures.
03
Primary-care networks
GP-led networks aggregating premises for institutional sale-and-leaseback.
04
Operator differentiation
Wide performance dispersion; brand and clinical governance drive premium rents.
05
Diagnostics real estate
Imaging, dialysis and day-surgery centres emerging as distinct sub-sector.
06
Regulation
Registration, staffing ratios and quality inspection central to underwriting.
How we help
Mandates we deliver.
01
Operator selection
Sourcing and vetting operators, negotiating lease and management structures.
02
Sale-and-leaseback
Structuring, marketing and closing for hospital and care-home owners.
03
Valuation
Trading-based valuation for lending, IFRS, disposal and shareholder purposes.
04
Development advisory
Site selection, brief-writing and delivery oversight for greenfield facilities.
05
Portfolio management
Owner-side asset management, capex planning and rent-review strategy.
Ready to view
See the assets, on site.
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