Kames Capital wins healthcare mandate
Kames Capital has secured a £25 million investment into the Kames Target Healthcare Property Unit Trust from Lancashire County Pension Fund.
The Kames Target Healthcare Property Unit Trust aims at providing institutional investors access to the expanding healthcare sector focussing particularly in specialist care home facilities.
The Trust offers a competitive yield and the potential for capital growth. Originally launched with a five-year fixed life, Kames Capital extended the Fund by a further five years to June 2020 following consultation with existing investors.
Kames Capital’s head of institutional sales for property Shaun McWilliam says: “Lancashire County Pension Fund’s investment in the Trust clearly demonstrates its confidence in the management team and the continuing investment case for healthcare assets. The Fund has paid a distributed yield to investors of 7.5% over the past three years and we believe its premium income yield will continue to prove attractive.”
Lancashire County Pension Fund senior investment manager Richard Tomlinson says: “This investment into the Kames Target Healthcare Property fund continues our long-term strategy of increasing our exposure to real assets such as infrastructure and real estate. Specialist healthcare property offers an attractive and stable income yield with the potential for capital growth. We were attracted to the strong team behind the fund and their best-in-class’ approach to accessing specialist healthcare assets.”