Beaufort Capital Completes Third Development Loan with LNT Care Developments
Beaufort Capital is delighted to announce the completion of the third development loan for LNT Care Developments, to fund the development of a new care home in Gloucester.
This loan is part of an umbrella facility, signed in the summer of 2024, to fund the construction and stabilisation of a portfolio of new-build care homes.
The latest scheme will provide a further 66 new care beds, with wet rooms, in Gloucester providing a much-needed care home in an under-supplied city.
The completed development will provide 16m² of internal amenity space and 9.3m² of communal space per resident. The home will be a split of general residential and low needs residential dementia, which will enable the provision of two types of care.
The property will boast strong ESG credentials, such as ground-source heat pumps, PV panels, integrated battery storage with grid management software as well as underfloor heating throughout.
LNT Care Developments is the UK’s largest developer of purpose-built care homes, having developed approximately 250 care homes, representing 16,500 beds with a cumulative GDV of £4 billion.
Mark Quigley of Beaufort Capital Management (investment advisor to Beaufort Capital), commented:
“I am delighted at the speed at which finance has been provided for three care homes for LNT Care Developments with a further home shortly to be identified under the existing umbrella facility.
“We look forward to continuing our strong relationship with LNT and seeing this site take shape over the coming months.”
Matt Lowe, CEO of LNT Group commented, “This is the third LNT care home development that Beaufort has funded within the last year and we are delighted to have further developed our working relationship.
“With an ageing population in the UK, there is a huge requirement for an increased number of high quality care facilities to be developed over the coming years, to ensure that the nation’s elderly are properly cared for in their later years, and we look forward to continuing to work with Beaufort to help deliver this. ”
Beaufort Capital has funded c. 600 care home beds since 2024 (either through planning or under construction) across much of the country, working with some of the UK’s leading developers and operators.
