Secure income fund manager AlphaReal has invested in a portfolio of 28 childcare facilities located across the UK on behalf of retirement provider Just Group.
The transaction takes the total portfolio invested by AlphaReal on behalf of Just Group to over £500m (€583m) of long-income real estate and loan note investments.
The most recent childcare investment provides long-term finance to help the continued growth of one of the UK’s largest family-run childcare operators, which is responsible for the care and education of more than 29,000 children nationwide.
Patrick Grant, head of long income at AlphaReal, said: “AlphaReal continues to structure and invest in long-dated real estate via direct investment and loan notes that provide inflation-linked cashflows to our capital partner, the retirement specialist, Just Group.
“The long-dated real estate investment market has evolved and is now better positioned to meet the objectives of the insurance sector. AlphaReal continues to be at the forefront, providing tailored investments to meet the requirements of our clients and provide counterparties with efficient long-term financing via real estate investment and debt solutions.”
Gordon Smith, fund manager at AlphaReal, said: “Reaching the £500m investment milestone in partnership with Just Group speaks to the strength of AlphaReal’s origination and structuring capabilities, the high-quality cashflows generated from the underlying long-dated real estate secure-income investments and the quality of AlphaReal’s management platform. We look forward to achieving the next investment milestone.”
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