The latest case from DAC Beachcroft; Paravash Kiani a former travel agent who claimed she had been injured by a colleague who ‘stabbed’ her hand with a pen at work, has been sentenced to 6 [...]
The post `Stabbed in The Hand’ Insurance Fraudster Convicted appeared first on .

`Stabbed in The Hand’ Insurance Fraudster Convicted

International law firm DAC Beachcroft is pleased to announce it has been appointed to join the new legal claims panel of Hastings Direct, the agile, data and digitally-focussed UK general insurance provider. This further consolidates [...]
The post DAC Beachcroft Joins Hastings Direct Panel appeared first on .

DAC Beachcroft Joins Hastings Direct Panel

International law firm DAC Beachcroft (DACB) has appointed regulatory partner Gemma Brannigan to its health, care and public law team. Brannigan joins from Clyde & Co where she acted predominantly for NHS Trusts, NHS Resolution and private healthcare insurers. Prior to that she was a partner at Capsticks.  She brings particular specialism in inquests, inquiries […]

DACB makes third hire this year to its health practice

DAC Beachcroft advised Ultraleap on the deal. Ultraleap is a Bristol-based tech firm which uses ultrasound to enable users to engage with and feel digital interfaces […]

Ultraleap’s £60 Million Investment Round

LaingBuisson News
Advertisement
Home Healthcare Markets International Property Feature: DAC Beachcroft’s Stan Campbell and Savills’ Lydia Brissy look at healthcare...
By
There have been two major disruptors in UK and European markets in recent years: Brexit and the Covid-19 pandemic have impacted on investment trends and driven investors to look more closely at healthcare real estate as an asset class, an asset class which now rivals only logistics. Stan Campbell, partner at DAC Beachcroft, and Lydia Brissy, Director European Research at Savills, discuss what is coming next for healthcare real estate in the UK and Europe, and what this means for investors with an eye on the future
A mixed landscape of opportunity
The full spectrum of healthcare real estate is a massively broad one, encompassing buildings and facilities from GP surgeries, hospitals (private and public) to senior housing and care homes – to name a few, and each of these areas will be subject to differing trends as the future unfolds. A key theme discussed was whether the development of ‘suitable sites’ for healthcare potential could include new city centre schemes to repurpose redundant retail, office and hospitality space. These schemes would require some innovative solutions to maximise space and, as one expert put it, this would require vertical thinking (going higher). While each aspect of the healthcare market is influenced by its own specific conditions, a consistent theme here, and in many predictions about healthcare real estate, is flexibility: facilities will need to adapt to future ways of working and allow the adoption of any new technologies that may come to fruition. Government policy presents further areas for growth in the UK
Government seems keen to invest in the health estate as well, with initiatives such as the ‘New Hospitals Programme’ – which was introduced by the Government as a result of its manifesto in light of the Brexit vote in 2016 – designed to deliver new world-class hospital facilities in the UK, setting the tone for the development of healthcare real estate over the coming years. Alongside this, emerging market conditions such as the recent Government announcement of plans to raise NI tax in the UK by 1.25% to fund health and social care will also drive interest in this sector even further. On the face of it, this new investment looks promising, and we would certainly say that it is a needed step in the right direction. However, while the funding sounds impressive, it is a drop in the ocean for the NHS and its estate. The ‘New Hospitals Programme’ aims to build 40 new hospitals by 2030, with a budget of £3.7bn (US$5bn). However, the cost of a single new hospital build is likely to exceed £1bn. Government money, as Naylor mentioned in his 2017 review, is not and cannot be the only answer – to transform the estate, private sector investment will be needed and as an investment proposition the NHS estate, with its steady government backed long-term reliable yields, is a very attractive proposition. There is no appetite to sell off the NHS, it is one of our national treasures, and should be protected, but perhaps there is interest in the development of more of a short-term investment. Something which allows investors to harness the value of the estate for a period which would release capital for the NHS to use. Whatever the solution, it will need to be new and collaborative and very different from the failed PFI schemes of the past. If this can be found, both public and private sectors will thrive. Growth across Europe
When it comes to trends across both the UK and Europe, there is a lot of consideration around ‘pandemic-resistant’ investment choices, which are often pointing away from harder hit sectors such as retail and towards investments in healthcare more generally, as well as supported housing, or housing with care. A Financial Times article from March this year stated that commercial tenants had paid just one fifth of the rents owed, compared to the supported housing sector, where companies like Civitas have repeatedly announced strong results. At the end of Q1 in 2020 Civitas Social Housing reported that it had collected 99% of its rents, and at the end of November 2020 it was again reported that: ‘Civitas Social Housing’s rental income rose by 6% in the six months ended 30 September and it remains bullish in its outlook for next year, seeing ‘compelling opportunities to invest further’. Healthcare real estate currently offers similar reliable returns for investors, particularly when it comes to residential care and supported living. The surprising robustness of the elderly care sector
After the onset of Covid-19, it was assumed that the elderly care sector would be decimated with care homes and retirement living communities losing a significant percentage of service users/occupants over a short period of time. However, far from highlighting its vulnerability, the sector has bounced back rapidly and, according to Lydia Brissy, Director European Research at Savills’, their latest report, European Senior Housing & Care Home Investment, highlights ‘strong reactions from operators have enabled them to reinstall health and safety amongst residents. With admissions and occupancy fast growing back to pre-pandemic levels’. When it comes to looking ahead, with rapidly aging populations across the UK and Europe, the ‘fundamentals of the senior living sectors are solid, based on long-term demographic changes’. According to the report, more than €4bn were invested in senior housing and care homes in Europe during the first half of the year 2021, a record level for a six-month period and 38% above the average past five years. Covid-19 has not affected investor interest in the longer term, either in Europe or the UK, and despite the fragility of care homes, operators in the market have reacted quickly, proving their resilience and remaining attractive to investors. Alongside this, the impending crisis of an aging population across Europe (and the UK) will create ample opportunity for further investment and reliable growth over the coming decades. Although the timing of this will vary from country to country, it will eventually affect all of Europe, making senior housing and care homes an attractive investment prospect with secure and long-term rental incomes. Cross-border investments will continue to grow
Cross-border investments also continue to rise. In its report, Savills state that ‘cross border investment accounted for nearly 60% of the total volume, a record share’ since the beginning of 2021. The report also cites Belgium, France, Luxembourg, the US and Sweden as the major players in cross-border capital. Once again, it is the senior living sector that is attracting a growing amount of foreign capital, and countries like Italy and Spain, where the supply of residential care is limited, will have huge potential for growth. The UK is seeing this trend as well, and the impact of Brexit so far appears to be negligible and has not stymied any interest from Europe, or the US. Savills’ report on Europe states, ‘we anticipate investor interest for the sector to keep on growing and increased competition from US investors’. The UK’s story will not be dissimilar. In fact, the UK healthcare system has a lot to offer potential investors, especially those looking for ‘pandemic resistant’ options, with publicly funded alternatives looking like more reliable options that provide solid returns. Disruption will always pave the way for news trends and it is clear that the aging care sector will see a significant amount of long-term development, alongside an increase in cross-border investments. What is most important is that the sector continues to look strong – particularly for investors who have their eye on growth trends and are ready to grasp the opportunities that will present. TAGS

Feature: DAC Beachcroft’s Stan Campbell and Savills’ Lydia Brissy look at healthcare real estate trends in UK and Europe

Change Please is a social enterprise that helps lift people out of homelessness by providing coffee vans, barista training, and accommodation.

Change Please

The firm is also helping Change Please by running employability workshops on writing a CV and developing interviews skills , and culminating in a mock interview with volunteers from Royal Mail Group , a client partnering with DAC Beachcroft on this programme .

DAC Beachcroft partnership with Change Please to give homeless people a fresh shot at life

easyJet (LSE: EZJ) is a short-haul airline that flies on more of Europe's most popular routes than any other airline. easyJet carries over 70 million passengers annually, of which more than 12 million are traveling on business. easyJet flies over 250 aircraft on more than 800 routes to over 133 airports across 31 countries. More than 300 million Europeans live within one hour's drive of an easyJet airport.

easyJet

easyJet , a client of the firm since 2020 , asked DACB colleagues to collaborate to create new strategies that easyJet could deploy as they emerge from the pandemic to retain and build on their position in the market .

DAC Beachcroft crowdsources solutions for easyJet during firm-wide hackathon

NHS England is an executive non-departmental public body (NDPB) of the Department of Health. NHS England oversees the budget, planning, delivery, and day-to-day operations of the commissioning side of the NHS in England.

NHS England

In March and April 2021 , DAC Beachcroft announced the appointment of procurement partner , Katherine Calder from BCLP and clinical negligence partner David Roberts from Capsticks .

DAC Beachcroft retained as key legal adviser to the NHS in the North of England

NHS North of England Commercial Procurement Collaborative (NOE CPC) provides collaborative and bespoke procurement solutions to the NHS and other public sector organizations. It is located in Sheffield, England.

NOE CPC

Rain Bird is a manufacturing company of irrigation products and services. The company produces and offers irrigation products for farms, golf courses, sports arenas, commercial developments, and homes. It is based in Azusa, California.

Rain Bird

MyLife Digital

West Country Vending Service

Tribal Group

Lloyds Banking Group

Ernst & Young

DAC Beachcroft provides commercial, transactional, claims, risk and advisory legal services.

Wells Fargo Success Story

3M Success Story

Platform Overview

DAC Beachcroft

About DAC Beachcroft

DAC Beachcroft Headquarter Location

Predict your next investment

Latest DAC Beachcroft News

DAC Beachcroft Web Traffic

DAC Beachcroft Rank

Discover the right solution for your team