Elevation Advisors LLP has announced that its Elevation Healthcare Properties real estate fund has completed the sale and leaseback of a best-in-class care home in St Neots, Cambridgeshire.

Henbrook House is let to Connaught Care on a long-term lease with RPI-linked escalator with cap and collar.

Connaught, a new operator relationship for EHP, is an award-winning operator of four high-quality prime care homes in the East and South East of England, comprising 281 beds and with an active pipeline of seven development sites.

With a dedication to high-quality care, Connaught provides residential and residential dementia care in beautiful purpose-built environments.

Henbrook House, which opened in May 2024, has 69 ensuite wetroom bedrooms designed for the comfort and safety of relatives and staff.

Other amenities include a bistro, cinema room, private dining room, and health spa.

In line with EHP’s ambitious ESG strategy, Henbrook House has a high build quality with a design emphasis on environmental performance.

The home already has an EPC A rating, with further plans to install solar panels to further improve energy efficiency at the home in the near-term.

The home has also achieved a BREEAM New Construction rating of ‘Good’ and is expected to achieve a BREEAM In-Use rating of ‘Very Good’ with the potential for ‘Excellent’.

In addition to all-electric kitchen and laundry equipment, minimising gas use, the home incorporates water-efficient fittings throughout.

To encourage sustainable travel, there are also EV charging points and cycle storage, in addition to the home’s proximity to local public transport hubs.

The home also offers ample green space to residents, in excess of 30% of the site’s area to support wellbeing and local biodiversity.

Andrew Winstanley, chief executive of Connaught Care, said: “We are delighted to have partnered with EHP for the sale and leaseback of Henbrook House.

“This partnership will enable Connaught to continue its ambitious growth plans and realise its pipeline of development opportunities that will see us bringing 11 high-end homes to the elderly care market in the space of 24 months.”

James Giles, investment director at Elevation, adds: “We carefully select operating partners who have an excellent record in care and we are excited to begin a new partnership with Connaught, adding this high-calibre care home into the portfolio as we continue deployment in EHP.

“This is the 22nd asset addition by EHP this year, bringing the portfolio to a total of 45 UK elderly care home assets with over 3,000 beds and a strong pipeline of further acquisitions and pre-let forward funded transactions.

“Henbrook House has strong environmental credentials in line with EHP’s ESG strategy and we are delighted to fulfil the market need for care homes which are built for longevity and benefit the lives of residents, staff, families and the local community.”

Elevation was advised by Bevan Brittan, Grant Thornton, Carterwood Analytics, Pinders, and Envision.

Connaught was advised by Freeths LLP.