Downing, a responsible investment manager, invested £27 million ($33 million) into specialist and elderly residential care businesses in Europe in recent weeks.
The firm supported an existing operator to acquire a closed 120-bedroom property near Leicester, which will be refurbished and repositioned from an elderly care home into an 80-bed specialist care facility. Downing also provided investment for a trading 59-bed, purpose-built specialist care home in Stafford and a recently constructed 68-bed, premium elderly residential care home in Fife, Scotland.
According to Downing, the specialist and elderly residential care sectors enable positive social outcomes and align with wider sustainability strategies at the firm that also deliver net environmental gain and assets that are well governed. These transactions follow further deal activity across the elderly care, specialist care and special educational needs markets in 2023.
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