Knight Frank has appointed proprietary partner Julian Evans to the newly-created role of global head of healthcare.
Evans joined Knight Frank as UK head of healthcare in 2004. In his new role, he will lead a global team of more than 90 fee-earners based primarily in the key hubs of London, New York, Dubai and Sydney, and with a strong presence in Singapore, Paris, Frankfurt and Madrid.
The team’s expertise spans asset, portfolio and company valuation, debt advisory and acquisitions and disposals across a broad range of asset types including care homes, hospitals, senior living and specialist education and rehabilitation facilities.
The team is currently advising on assets totalling c. £100 bn (€117 bn) globally.
According to Knight Frank’s most recent global healthcare investment report, increasing volumes of cross-border capital are being deployed into care related real estate.
In the 12 months to June 2023 a total of $38 bn was invested into the sector, with 12% deployed cross-border and the US accounting for more than two thirds (68%) of capital overall.
Said Evans: 'We are seeing more global capital targeting healthcare assets as both institutions and private wealth look to reduce exposure to traditional real estate asset classes such as offices and retail and seek alternative sources of secure, long-term income.
'Most developed countries have an aging population and an acute undersupply of care facilities. This is contributing to an increase in medical tourism and we are seeing the healthcare sector start to track the hotel sector in creating trusted global brands through consolidation and the use of franchise agreements.
'Our team has the expertise on the ground in key markets to support both operators and investors as they seek to captalise on these changing dynamics.'
William Beardmore-Gray, senior partner and group chair, Knight Frank added: 'Julian has been instrumental in building Knight Frank’s market-leading healthcare team, and his new role will enable further collaboration across our global network as we continue to expand and evolve how we work with our clients in this dynamic sector.'
