A joint venture between UK privately-held Topland Group and Henley Healthcare Investments has concluded the sale of a £50 mln (€63 mln) portfolio of supported living assets in the UK to specialist infrastructure project investor and fund manager Equitix.
The UK-wide portfolio has been put together by Henley since 2014, via a JV vehicle with co-investor Topland.
Both Topland and Henley will re-deploy capital from the disposal back into the supported living sector, with Topland having set aside £300 mln for further investment in this segment.
Henleuy CEO Ian Rickwood said: 'We have achieved another highly successful disposal maintaining our outstanding Henley-wide deal returns. With increasing demand for supported living assets as a result of changing demographics and healthcare cuts, we will continue to invest in the sector, providing further vital, high quality accommodation to those most in need. We will also look to expand our exposure to the healthcare sector generally.'
CBRE acted for Topland and Henley, and Knight Frank for Equitix.
