An artist’s impression of the new home in Gravesend, Kent

Elevation Advisors LLP has announced that its real estate fund, Elevation Healthcare Properties, has completed the acquisition of land and agreed forward funding to support the development of two care homes in Gravesend and Pagham with Simply Care as developer and Simply Develop as the builder.

Once completed, the homes will be let on a long-term lease with RPI-linked escalator with cap and collar to Simply’s Morar Living brand, a new operator relationship for EHP.

The first development is a 75-bed care home in Gravesend, Kent, a large commuter town with strong transport links into London.

The second is in Pagham, West Sussex, a highly-sought-after coastal location.

Both homes have been designed to a high specification to enhance the wellbeing of residents, relatives and staff, and will have wetroom ensuites throughout and amenities including a cinema, bistro, and family room.

Simply is a care home contractor, developer, and operator, with 14 operating care homes and a further seven developments under construction.

Construction on both new homes has begun and they are set to open in late 2025, with an emphasis placed on environmental performance in their design.

The developments will achieve an EPC ‘A’ rating, focusing on the eradication of fossil fuels to deliver carbon reductions, with an all-electric power supply comprising air source heat pumps and the inclusion of PV.

It is anticipated that the homes will achieve a BREEAM In-Use rating of ‘Excellent’ on completion.

Furthermore, the homes will each create 60-80 jobs for the local communities.

The home in Pagham, West Sussex, will be built in a highly-sought-after coastal location. Image, WR Dunn

Thomas Meany, investment manager at Simply, said: “We are delighted to start our relationship with Elevation and excited about further ventures with them in the future.

“These two new developments are great additions to the group and are being constructed to our typical high-quality standard which, along with the great calibre of facilities each home provides, helps us achieve 90%-plus occupancy across the group in a short space of time.”

James Giles, investment director at Elevation, added: “We are thrilled to begin our partnership with Simply by adding two homes into the portfolio.

“The homes will be built to exceed the latest environmental standards and serve the needs of the local area, then will be operated by a team committed to high-quality care and engagement with their community.

“We are excited to support Simply and fulfil the market need for care homes which are built for longevity and make a positive impact on their wider communities.”