Knight Frank has been appointed as exclusive residential care home property adviser to Anchor Hanover, the largest provider of specialist housing and care for older people in England.
The duo has a pre-existing relationship that will strengthened by the new partnership, which will have “a deep focus” on national healthcare strategy and advisory services, the property adviser said.
Anchor Hanover aims to transform housing and care so “people can have a home where they love living in later life,” it added.
“As a not-for-profit housing association, any surplus income is reinvested into its properties and services, enabling them to build more and ensure their properties are innovating for the future. The organisation owns or manages circa 48,000 housing properties and nearly 5,900 care rooms throughout England”.
Knight Frank head of healthcare Julian Evans said the new agreement would bolster Anchor Hanover’s “market-leading offering via strategic advisory and consultancy around development funding, strategy & innovation.”
The property adviser’s research identifies a potential 6,500 care homes at risk of closure over the next five years, equating to 140,000 beds.
The shortage, it estimates, will be exacerbated by the increased demand for care homes by 2050, which will see a UK “bed crisis” as the share of people over the age of 80 is expected to surge over the next 30 years. Around one in ten adults are set to be aged over 80 by 2050, compared to one in 20 now.
Anchor Hanover chief executive Jane Ashcroft CBE added: “The changing needs of our ageing society mean demand for high-quality residential care is strong and set to grow.
“We want to provide more homes where people love living in later life and are delighted to be working with Knight Frank to ensure we’re well-positioned to meet that demand.”
