Royal London Asset Management (RLAM) Property has launched a UK healthcare real estate investment trust (REIT), which it plans to grow to £1bn (€1.15bn) in value.
The £8.1bn UK real estate fund manager has invested £350m in healthcare property assets since early 2022, and in June, brought sector specialists Shoreline Partners in-house as part of its ambitions to invest £1bn in the sector.
RLAM Property said the REIT structure will provide “a more competitive and internationally recognised investment vehicle to attract third-party capital and acquire corporate entities”. The firm said it would also help in executing forward funding deals.
Mark Evans, head of property at RLAM Property, said: “Applying for REIT status is a natural next step in our journey. It allows us to scale our healthcare strategy more effectively, attract aligned capital, and offer a structure that is both tax-efficient and internationally recognised.
“This is about creating a platform that can deliver long-term value for our members while helping to solve one of society’s most pressing challenges.”
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