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Trowers & Hamlins advises One Healthcare Group on ground rent deal for development of new hospital i

Trowers & Hamlins advises One Healthcare Group on ground rent deal for development of new hospital in Kent

Trowers & Hamlins is pleased to have advised One Healthcare Group on a ground rent deal for the development of a new hospital in Ashford, Kent.  One Healthcare Group is backed by Octopus Healthcare, the healthcare property investor.

The new hospital will be located next to the William Harvey Hospital in Ashford and will have ten consulting rooms, four operating theatres, four treatment rooms, an endoscopy suite, 20 en-suite rooms, ten ambulatory care beds, and an MRI and imaging suite.

Trowers & Hamlins advised on the ground rent agreement with an investor to part fund the hospital's development which was structured in a tax-efficient manner through the grant of a long leasehold interest with a leaseback to One Healthcare.

Adrian Stevensen, chief executive of One Healthcare Group, told HealthInvestor:  “Our objective is to provide the very best level of care for local people, delivered by leading consultants, in state-of-the-art, well equipped and purpose-built hospital facilities.”

Tim Nye, Corporate partner at Trowers & Hamlins and co-head of the firm's Health and Social Care Group, added:  "The healthcare sector is starting to look to ground rent transactions – which are quite common in other sectors – as a way to raise funds to invest in their businesses.  We are delighted to have advised One Healthcare on this transaction, which is one of the first of its kind for a care business." 

The firm's Health and Social Care Group is led by partners Kyle Holling and Tim Nye.  The Group's work covers a large range of care service types, with a particular focus on investment into and providers of residential/nursing/domiciliary care, extra care/retirement living services (including dementia), mental health and learning disabilities and children's services.