UK retirement provider Just Group has invested 拢33m (鈧�38.7m) in long-income real estate through secure income manager AlphaReal.
AlphaReal has structured and made the ground rent investments which provides long-term finance for a healthcare operator dedicated to providing care and support to children and adults with complex medical needs.
The investments have been originated to meet Just Group鈥檚 requirements, to offer long-dated, inflation-linked cashflows secured against 33 specialist healthcare facilities providing essential social infrastructure.
Gordon Smith, fund manager at AlphaReal, said: 鈥淲e are delighted to continue to work in partnership with Just Group to deliver secure income investments.
鈥滱lphaReal鈥檚 origination and structuring has created high-quality cash flows that deliver a favourable risk-adjusted return while also supporting important social infrastructure.鈥�
Michael Glaser, origination director at AlphaReal, said: 鈥淭his ground rent investment offers secure, long-dated, inflation-linked cashflows to our capital partner, the retirement specialist, Just Group, while providing long term financing solutions to businesses and real estate owners.鈥�
Nenna Gilmour-Platt, the head of investment strategy at Just Group, said: 鈥淲e help people achieve a better later life, that鈥檚 our purpose and why we exist. Investments like this help us fulfil that purpose by providing long-term income for our customers, and at the same time support for essential healthcare services to communities around the country.
鈥漌e鈥檙e pleased to add this to the portfolio of healthcare and childcare investments we鈥檝e completed with AlphaReal across the UK.鈥�
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