Elevation to develop Yorkshire care home

  • 3rd February 2025

Real estate fund, Elevation Healthcare Properties (EHP), has acquired land and agreed forward funding to support the development of a care home in Otley, Yorkshire, with Torsion Care as developer and operator and Torsion Projects as contractor.

The home is due to open late next year.

Once completed, it will be let on a long-term lease with RPI-linked escalator with cap and collar to Torwood Care, an existing operator relationship for EHP.

Torwood operates four care homes and has five developments under construction.

The Otley development will provide 66 ensuite wetroom beds with communal amenities including a hairdresser, café/bistro and a family games room.

The development will eradicate gas from its design to reduce carbon emissions in operation, and will include air source heat pumps, solar panels, and an all-electric design in the laundry and kitchens to target an EPC A rating, BREEAM Construction rating of ‘Excellent’, and a BREEAM In-Use rating of ‘Excellent’.

Martin Hutson, director of Torwood, said: “The scheme will further strengthen our existing care home portfolio and provide much needed high-quality care for local people.

“All the Torwood portfolio consists of EPC A and BREEAM excellent-rated homes, which provide high levels of sustainability and carbon reduction.

“This aligns strongly with our fund partners’ strategy and we will continue to innovate the development of our homes to deliver some of the most modern and carbon efficient care homes in the sector.”

James Giles, investment director at Elevation, added: “The care home will provide 60-80 jobs to the local community and will be built to exceed the latest environmental standards to serve the needs of the local area.

“Torwood’s strategy for progressing ESG and sustainability is strongly aligned with that of Elevation and our aspirations of operationally net zero assets, taking steps to reduce carbon emissions as much as possible through the integration of new technologies.”

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