Investment manager Downing has invested £27m (€30.9m) in UK care real estate in separate deals.

Downing said it has supported an existing operator to acquire a 120-bed property near Leicester, which will be refurbished and repositioned from an elderly care home into an 80-bed specialist care facility.

The fund manager has also provided investment for a 59-bed, specialist care home in Stafford and a recently constructed, 68-bed, elderly residential care home in Fife, Scotland. 

Downing made the investment through its development capital arm which focuses on investment opportunities in asset-backed operating businesses in sectors including healthcare, education and housing.

Mark Gross, partner at Downing, said: “Providing expansion capital to leading care operators allows them to enhance facilities and increase capacity at a time when quality care is needed more than ever. We strongly believe in the resilience of this sector and are delighted to support these businesses making a difference in vulnerable communities across the UK.

“This investment activity, along with our successful exit of a care home in June, demonstrates our commitment and optimism about the space. We look forward to partnering with our existing partners and potential new partners to help them grow and continue delivering outstanding service.”

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