Royal London Asset Management Commits £35 million into the Healthcare Sector
Royal London Asset Management has committed to forward-fund two purpose-built elderly care homes in the South East of England, comprising a total of 146 beds, as part of its expanding investment in UK healthcare infrastructure.
The homes, located across Kent in Coxheath and Canterbury, will each provide 73 beds, complete with strong sustainability features and high-quality staff and resident facilities. Developed by Aspire LPP, a specialist care home developer, the homes are designed to deliver future-proofed residential and dementia care in locations with a lack of supply and a strong long-term demand for modern care provision.
These acquisitions form part of Royal London Asset Management’s wider healthcare strategy, which has now committed £450 m to the sector. The strategy focuses on investing in purpose-built healthcare assets that support essential social infrastructure while offering long-term, resilient income and aligns with Royal London Asset Management’s ambition to scale its healthcare exposure.
The care homes will be operated by Dunham Care, a care home operator backed by the McGoff Group, which has a long-standing presence in the development and operation of care homes in the UK.
Nick Short, Fund Manager at Royal London Asset Management, said: “These investments reflect our continued confidence in the long-term fundamentals of the healthcare sector. By investing in and partnering with experienced developers and operators to deliver high-quality, purpose-built care homes in well-chosen locations, we are supporting the provision of essential care infrastructure while generating sustainable, long-term outcomes for our investors.”
Freddie Richards, Head of Healthcare Transactions & Asset Management at Royal London Asset Management, said: “The Royal London Asset Management Healthcare Fund is focused on partnering with the very best developers and operators in the market. It is particularly positive to be working once again with Aspire and the management team at Dunham Care, where our longstanding relationships mean we have seen firsthand their expertise and commitment to quality. That depth of partnership is central to our ability to deliver high‑quality, purpose‑built care homes in locations where long‑term demand is strongest.”
Michael Lucas, Managing Director at Aspire LPP, commented: “These two developments reflect our continued focus on delivering high‑quality, purpose‑built care homes in locations where there is both a clear undersupply and long‑term need. Working with Royal London Asset Management and Dunham Care allows us to bring forward schemes that are designed to the highest standards, with sustainability, operational efficiency and resident wellbeing at their core. We are pleased to see these projects progress and to play a role in supporting the provision of modern care infrastructure across the South East.”
Chris McGoff, Chief Executive Officer at Dunham Care, said: “Coxheath and Canterbury will add two well‑designed, modern homes to our portfolio, enabling us to deliver high‑quality residential and dementia care in areas with growing demand. We look forward to operating these homes in partnership with Royal London Asset Management and Aspire LPP, creating environments that support residents, families and staff, while contributing positively to the local communities they serve.”
