Portfolio

Ealing Care Homes, UK

Project capex

£22 million

Concession

30 years

HICL holding

63.00%

Sector

Health

Region

UK

Finance, construct, operate, and maintain seven care homes for the London Borough of Ealing

The Ealing Care Homes project is a 30 year concession to finance and construct four care homes for the elderly in the London Borough of Ealing, along with routine and major lifecycle maintenance of those four homes as well as three existing care homes for the life of the concession.

Financial close occurred in March 2005.

The project was built by Galliford Try, and involved capital expenditure of approximately £22 million.

The homes became operational mid-2009. Operations and maintenance services (FM Services) are currently provided by Viridian Housing.