Our healthcare and education assets mainly comprise private hospitals
Healthcare is underpinned by strong demand drivers from an ageing and growing population as well as improvements in treatment and patient care.
Our healthcare exposure was inherited through our acquisition of LXi REIT
Our hospitals are high quality, mission critical and irreplicable assets let on long leases to a high quality occupier. The private hospitals provide essential care and are helping to address NHS waiting lists.
£ 0.9 bn
Portfolio value£ 51 m
Contracted rent46
Assets14 years
WAULTSub sectors of healthcare and education
Hospitals
12 private hospitals make up c.85% of this sectors exposure. 11 are let to Ramsay Health Care with a WAULT of 12 years and annual fixed rent reviews. Ramsay is one of the leading independent healthcare providers in England, providing a comprehensive range of clinical specialities to private and self-insured patients, as well as patients referred by the NHS.
Education & other
The remaining c.15% of this sector’s exposure mainly comprises care homes, children’s nurseries, adventure centres and one student accommodation property which are deemed non-core.
Market drivers
UK private hospitals are particularly well placed to benefit from an ageing population and are increasingly taking on NHS patients due to long NHS waiting lists.
Private hospitals are also seeing good demand from patients treated through private medical insurance as well as self-pay, as the nation seeks better and faster care.
7 m
on the NHS waiting list