UK retirement provider Just Group has invested £33m (€38.7m) in long-income real estate through secure income manager AlphaReal.

AlphaReal has structured and made the ground rent investments which provides long-term finance for a healthcare operator dedicated to providing care and support to children and adults with complex medical needs.

The investments have been originated to meet Just Group’s requirements, to offer long-dated, inflation-linked cashflows secured against 33 specialist healthcare facilities providing essential social infrastructure. 

Gordon Smith, fund manager at AlphaReal, said: “We are delighted to continue to work in partnership with Just Group to deliver secure income investments.

”AlphaReal’s origination and structuring has created high-quality cash flows that deliver a favourable risk-adjusted return while also supporting important social infrastructure.”

Michael Glaser, origination director at AlphaReal, said: “This ground rent investment offers secure, long-dated, inflation-linked cashflows to our capital partner, the retirement specialist, Just Group, while providing long term financing solutions to businesses and real estate owners.”

Nenna Gilmour-Platt, the head of investment strategy at Just Group, said: “We help people achieve a better later life, that’s our purpose and why we exist. Investments like this help us fulfil that purpose by providing long-term income for our customers, and at the same time support for essential healthcare services to communities around the country.

”We’re pleased to add this to the portfolio of healthcare and childcare investments we’ve completed with AlphaReal across the UK.”

 To read the latest IPE Real Assets magazine click here.

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