Beaufort Enters Funding Partnership With LNT Care Developments
Beaufort is delighted to announce the commencement of a long-term financing partnership to fund the construction and stabilisation of a portfolio of newly-constructed care homes by LNT Care Developments, the UK’s largest developer of purpose-built care homes.
The facility will initially fund the construction of 264 new care beds across England, providing much needed care homes for the UK’s ageing population.
Each development will boast strong ESG credentials, including the incorporation of solar panels, ground source heat pumps and integrated battery storage, expecting to reach an energy efficiency rating of EPC ‘A’ and BREEAM ‘Outstanding’.
The initial portfolio, once completed, is projected to have a combined stabilized GDV in the region of £100 million.
LNT Care Developments is the UK’s largest developer of purpose-built care homes, having developed over 220 care homes, representing more than 14,500 beds with a cumulative GDV of over £3.2 billion.
Mark Quigley of Beaufort Capital, commented “I am delighted to welcome LNT Care Developments into the Beaufort Capital fold, as its latest borrowing client, particularly given the excellent track-record and 33-year history of the LNT Group.
“Whilst this financing initially contemplates the funding of four new care home developments, it is anticipated that the portfolio will be added to and expanded over the coming months and years ahead.”
Matt Lowe, CEO of LNT Group commented, “With an ageing population across the UK, there is a huge requirement for new, purpose-built care homes to be developed over the coming years to ensure that every community in the country has a truly great place for their loved ones to live, work and visit.
“We look forward to working with the Beaufort team to continue to deliver an ESG-forward solution to improving the quality of care facilities across the country.”
Beaufort has funded c.500 care home beds during 2024 (either through planning or under construction) across much of the UK, working with some of the UK’s leading developers and operators. This milestone highlights Beaufort’s ongoing commitment to the care sector and its strong appetite in further expanding its presence in the care home development financing market.
