Newcore Capital has expanded into a new social infrastructure subsector with the acquisition of a purpose-built primary healthcare facility in Headcorn near Maidstone, Kent, United Kingdom.
Newcore also is planning to commit approximately £100 million (€117 million/$127 million) of equity to clinical healthcare for NSS V and for its recently launched core-plus vehicle, the Newcore Social Infrastructure Income Fund (NSIIF), previously named the Newcore Sustainable Income Trust.
The healthcare asset, located half a mile away from Headcorn Station, comprises 7,696 square feet of space arranged over two floors. The majority of the space (80 percent) is leased to a GP partnership, while the remainder (20 percent) is occupied by pharmacist Freshname. The site also benefits from 646 square feet of consented expansion space.
While Newcore has invested in the past in assets linked to other clinical healthcare uses, such as renal dialysis, pathology and medical researc
