Swiss Life Asset Managers expands UK healthcare portfolio with strategic care home acquisition

Swiss Life Asset Managers, acting on behalf of its pan-European healthcare fund, has acquired Neem Tree Care Home in Greenford, London for £11.25 million reflecting a 6.4% net initial yield. The property will be leased back to the seller, Neem Tree Care, who will continue to operate the care home on a 30-year lease.

Constructed in 2011, Neem Tree Care Home offers 57 high-quality beds and has a ‘Good’ rating from the Care Quality Commission (CQC) and a B-rated Energy Performance Certificate (EPC).

As part of this investment, Swiss Life Asset Managers intend to install a solar array and implement further environmental upgrades to improve the building's energy efficiency and sustainability.

Neem Tree Care Home marks the second UK acquisition on behalf of the pan-European healthcare fund, following the purchase of Norfolk House in Weybridge last year. This strategic addition aligns with Swiss Life Asset Managers’ commitment to environmentally responsible investments within the healthcare sector, driven by demographic trends and a critical need for high-quality care facilities.

Jos Seligman, Investment Director at Swiss Life Asset Managers UK commented: “Neem Tree Care Home provides strong occupational performance in a densely populated London suburb, where the demand for care home beds significantly outstrips supply. We are delighted to be working with the experienced manage-ment team who will continue to provide care for the residents.”

Swiss Life Asset Managers continue to be committed to seeking high quality later living and care opportunities across the UK and Republic of Ireland.

Information

Munleen Sibia
Swiss Life Asset Managers UK
Tel: +44 207 495 1929
Email: munleen.sibia@swisslife-am.com

Stephanie Ross
Kaso Legg Communications
Tel: +44 (0) 772 991 1301
Email: stephanie@kl-communications.com

Imogen Cromack
Kaso Legg Communications
Tel: +44 (0) 7860 342 324
Email: imogen@kl-communications.com