Beaufort finances delivery of LNT’s £100m care home portfolio

Beaufort Capital has backed LNT Care Developments in bringing forward a portfolio of new care homes across England. The two companies have signed a long-term financing partnership which will see Beaufort initially fund the construction of four care homes with a total of 264 bedrooms. Once completed, the care homes are projected to have a combined stabilised gross development value of around £100m. Each development will have strong ESG credentials, including the incorporation of solar panels, ground source heat pumps and integrated battery storage, and is expected to achieve an energy efficiency rating of EPC A and BREEAM Outstanding. Beaufort managing director Mark Quigley said: “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, chief executive at LNT, added: “With an ageing population across the UK, there is a requirement for new, purpose-built care homes to be developed over the coming years to ensure that every community in the country has a place for their loved ones to live, work and visit.” Image from LNT Care Developments