Image of a Royal London Asset Management Property asset in Milton Keynes

Royal London Asset Management Property has announced a significant strategic move to bring Shoreline Partners, a leading UK healthcare real estate asset manager, inhouse.

This partnership marks a major milestone in Royal London Asset Management Property’s long-term strategy to scale its investment in the UK’s healthcare infrastructure and deliver next-generation care environments that prioritise quality, sustainability, and operational excellence.

The integration of Shoreline Partners into Royal London Asset Management Property’s platform brings four decades of healthcare sector experience, enhancing the firm’s ability to navigate the complexities of the market.

Shoreline’s established relationships with leading healthcare operators provides Royal London Asset Management Property with access to high-quality tenants and supports a collaborative, long-term approach to asset management.

And its expertise in underwriting leases and monitoring detailed operating KPIs ensures transparency, accountability, and alignment with investor expectations.

Shoreline Partners has been working exclusively with Royal London Asset Management Property since early 2022 and this partnership builds on an already-successful working relationship, ensuring strategic alignment and operational continuity.

Since launching its healthcare programme in 2022, Royal London Asset Management Property has already deployed £350m, delivering more than 1,500 care home beds in high-demand locations.

Bringing Shoreline Partners’ expertise into the fold gives us a real edge as it has a deep understanding of how care environments function day-to-day, and its experience helps us ensure that what we build actually works for residents, staff, and operators

Looking ahead, the firm plans to invest up to £1bn of its own capital to support the development of additional care home beds and other healthcare real estate across the UK, addressing the urgent need for high-quality, purpose-built facilities.

And it is focused on delivering care environments that are fit for the future.

The forward funding of new developments is a major focus, with the specification of these assets driven by Royal London Asset Management Property’s Responsible Investment Strategy.

These homes incorporate sector-leading sustainability features including all electric heat pump heating systems, solar panels, and enhanced insulation levels to reduce environmental impact and help protect operators from utility cost volatility. They also take into account future climate change scenarios to reduce the risks of flash flooding and overheating.

Above all, they are designed as exceptional places to live and work, with a strong emphasis on resident comfort and dignity and staff wellbeing.

Mark Evans, head of property and development at Royal London Asset Management Property, said: “The UK healthcare sector is facing major challenges: capacity is shrinking, much of the existing stock is outdated, and regulatory oversight is stretched.

“We have been investing in sustainable healthcare assets since 2022 and are now scaling that commitment with a strategy targeting over £1bn, focused on delivering modern, purpose-built care homes.

“This is about more than capital deployment, it is about building a better healthcare system.

“Bringing Shoreline Partners’ expertise into the fold gives us a real edge as it has a deep understanding of how care environments function day-to-day, and its experience helps us ensure that what we build actually works for residents, staff, and operators.

“As a mutual, we are committed to making sure our investments serve our customers well, not just financially, but in how we help shape the world around them.

“That means backing assets that support people at every stage of life from their first home to the offices they work in, and ultimately, to the care they receive in later years.

“This strategy is about doing the right thing for society, while delivering long-term value for our members.”

We have been investing in sustainable healthcare assets since 2022 and are now scaling that commitment with a strategy targeting over £1bn, focused on delivering modern, purpose-built care homes

Nick Short, fund manager for healthcare at Royal London Asset Management Property, adds: “Incorporating the Shoreline team into Royal London Asset Management Property demonstrates our dedication to the healthcare sector and ambition for this space.

“This includes our desire to match third-party capital alongside our own investment—creating a robust, scalable portfolio that meets the growing social needs of the UK’s aging population.”

And Ben Penaliggon, formerly director at Shoreline Partners and now part of Royal London Asset Management Property team, said: “Joining Royal London Asset Management Property is a natural evolution of the work we have been doing to raise standards across the UK healthcare sector.

“We have spent years developing a model that combines clinical insight, operator-informed underwriting expertise, and sustainability to ensure care environments truly support residents and staff.

“Now we have the scale and backing to deliver that model more widely, bringing forward the next generation of care homes that are not only fit for purpose, but built to last.”

Royal London Asset Management Property is also exploring ways to collaborate with local authorities and public sector pension pools to unlock new development across the healthcare property spectrum, including both private and social care homes, as well as other critical infrastructure.