Just Group, a financial services company focused on the UK retirement income market, has partnered with Macquarie Asset Management to finance a healthcare service facility in southern England.

Macquarie, on behalf of Just Group, has provided around £30m (€35m) to help finance the development of a new multi-purpose healthcare service facility in Southampton being developed by Prime PLC.

The facility at the Adanac Health and Innovation Campus is to be operated by the University Hospital Southampton NHS Foundation Trust when completed in 2025.

Hugo James, managing director at Macquarie Asset Management, said: “Long-term institutional capital offers an attractive funding model to support the development of community and other infrastructure.

“We are proud to partner with Just Group once again and provide a bespoke funding model to help meet the needs of the NHS Trust, as they continue to expand and provide critical services to the local Southampton community and beyond.”

Nenna Gilmour-Platt, the head of investment strategy at the retirement specialist, Just Group, said: “The tailored financing project, arranged by Macquarie Asset Management, is well matched to our long-term investment objectives.

“We help people achieve a better later life, that’s our purpose at Just, it’s why we exist, and our investment in these NHS services helps us to fulfil our purpose.”

FTSE-listed specialist UK financial services company Just Group manages more than £26bn of customers’ retirement savings.

In partnership with Macquarie Asset Management, Just Group has helped finance the development and operation of nine secure real estate assets across the hospitality, education, local authority, and health sectors across the UK.

To read the latest edition of the latest IPE Real Assets magazine click here. 

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