INVEST RAISE ABOUT INSTITUTIONAL arrow_back BACK Investment manager Downing exits five care homes following £65 million investment 31 May 2018 Investment manager Downing LLP today announces the successful exit by its funds from a group of five trading care homes managed by Care Concern Group. Downing has worked closely with Care Concern since 2012, investing some £65 million across nine care home projects, including new-build developments, operational improvement projects, extensions and repositioning of existing homes. Care Concern is a high-quality care home operator aiming to provide the best facilities and comfortable surroundings for its residents. The homes have all been developed to a high standard, offering premium-quality care to elderly residents across the UK. Downing’s exit from the five care homes to an undisclosed real estate investor will see the successful repayment of Downing funds’ capital and will generate an attractive return to Downing’s investors across both the debt and equity provided. Care Concern will continue to operate the homes, which comprise over 390 beds in total. Mark Gross, Investment Director, Downing, commented: “We are delighted to have completed the exit from a number of our investments alongside the Care Concern Group. We believe the estate includes some of the best care homes in the UK, providing high-quality care to hundreds of elderly people. We are proud that our funding has been able to provide the management team with a platform to grow and develop the business.” Manpreet Johal, CEO, Care Concern, commented: “The flexibility of Downing’s funding model and the support we’ve received from them has helped us to capture a range of strategic opportunities. Downing’s knowledge of the sector and their ability to understand our business has allowed us to efficiently deliver on our objective of developing a portfolio of premium-quality elderly residential care homes.” - ends - For all press enquiries, please contact: Pamela Morris, PR Director at the lang cat 0131 202 6037 / 07712 515 503 pamela@langcatfinancial.com Jean Birrell, Downing LLP 07799555353 jean.birrell@downing.co.uk Downing Home Our story The team News & views Responsible investing Careers Contact us Invest Bonds EIS Estate planning Downing Fund Managers VCT Existing investor Investor centre Institutional Institutional investors Infrastructure asset management Raise Development Capital Energy Healthcare Leisure Property Wholesale Finance Ventures Ventures home About ventures Portfolio Ventures team Ventures careers Legal & support Privacy & cookie policy Information Security Policy Statement Terms and conditions Terms of business Inducement disclosure FAQs Pillar III Modern slavery statement Fraud prevention Complaints Social Twitter LinkedIn Downing LLP does not provide advice or make personal recommendations and investors are strongly urged to seek independent advice before investing. Investments offered on this website carry a higher risk than many other types of investment and prospective investors should be aware that capital is at risk and the value of their investment may go down as well as up. Any investment should only be made on the basis of the relevant product literature and your attention is drawn to the risk, fees and taxation factors contained therein. Tax treatment depends on individual circumstances of each investor and may be subject to change in the future. Past performance is not a reliable indicator of future performance. Downing LLP is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 545025). Registered in England No. OC341575. Registered Office: St Magnus House, 3 Lower Thames Street, London EC3R 6HD. VAT Number: 112 940 149 We use cookies to ensure that we give you the best experience on our website. Click here for more information. DISMISS