Shared 17 June, 2025
Healthcare real estate transactions in the UK reached £3.2 billion in 2024, the highest figure seen since 2020, according to property advisor Knight Frank.
Against a backdrop of macro-economic uncertainty, 2024 saw investors confirming their positive sentiment in the healthcare sector. Elderly care continues to generate the most interest from investors, accounting for 68% of total transactions. In addition, private hospitals took some share of the reported volume, accounting for 29%, and the final 3% was made up by adult specialist care, primary care and childcare. Demand from overseas capital in 2024 reached 52.5%, with US-based REITs and private equity groups ramping up their activity and driving transaction volumes to account for 66% of global flows into UK healthcare, compared to 34% from the EU.
Portfolio deals accounted for 85% of transactions, compared to 52% in 2023, as well-capitalised groups such as Welltower and Omega have been active and look to build scale.
Alongside company acquisitions, sale and leaseback deal structures also played a significant role in 2024’s transaction volumes as operators looked to exit the sector or release capital. This strong sector confidence has ultimately continued into 2025 with Omega’s purchase of the FSHC assets and Care Trust’s acquisition of Care REIT. Average annualised returns sat at 5.8% at the end of Q4 24, up from 4.4% in the previous period, highlighting the healthcare sector’s stability of returns. Knight Frank has also continued to see strength in operator trading in its annual Care Homes Trading Performance Review, with an average occupancy level of 88.3%, up from 86.4% in 2023.
Julian Evans, Global Head of Healthcare at Knight Frank said:
“Healthcare’s fundamental drivers, such as demographics, long-term income, and ESG credentials, have and continue to present an undeniable investment case. On this basis, the overall outlook for the healthcare sector is optimistic and we have already seen last year’s positive sentiment filter through into 2025 with the completion of large portfolio as well as M&A deals.”
Ryan Richards, Associate at Knight Frank added:
“The surge of demand for UK healthcare property is underlined by a revival in M&A activity, with primary care REIT Assura a target acquisition for private equity giant KKR as well as rival REIT PHP. Beyond this, US-based Care Trust has acquired Care REIT as well as recent news of a proposed merger between Aedifica and Cofinnimo which would create the fourth largest healthcare REIT globally. It is clear that many investors wish to build scale quickly in a sector that is highly granular but underpinned by long-term structural trends.”
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BuiltAPI GmbH, the company pioneering API-driven data infrastructure for real estate investment and asset management, has successfully closed its latest funding round backed by industry leaders including Second Century Ventures, TDS, and Propertymark. The investment marks a major milestone as BuiltAPI expands its services across Europe and the UK, following its graduation from the REACH UK Accelerator Program.
BuiltAPI tackles one of the real estate sector’s most persistent problems: fragmented, siloed data ecosystems. The company provides a robust API framework that enables seamless connectivity between legacy systems, modern SaaS tools, and intelligent automation platforms — with interoperability, governance, and cybersecurity at its core.
“We’re building the backbone of real estate data infrastructure,” said Olga Dentzel, Co-Founder of BuiltAPI. “This funding and the support of the REACH UK program are accelerating our ability to deliver secure, scalable integrations to clients across borders.”
BuiltAPI’s technology is already making an impact with major real estate institutions such as HIH Real Estate and its fund service platform INTREAL, through their digital unit INTREAL Solutions. These collaborations highlight a shared vision for practical and scalable digital transformation in real estate asset and investment management.
“The industry doesn’t need yet another tool — it needs a connective tissue,” added Ivan Nokhrin, Co-Founder of BuiltAPI. “Our mission is to empower real estate professionals to access, share, and act on their data securely and without barriers.”
Graduation from the REACH UK Accelerator — the scale-up program backed by Second Century Ventures – marks BuiltAPI’s official entry into the UK market. The program has played a key role in unlocking investors support and refining BuildAPI’s growth trajectory.
BuiltAPI GmbH, the company pioneering API-driven data infrastructure for real estate investment and asset management, has successfully closed its latest funding round backed by industry leaders including Second Century Ventures, TDS, and Propertymark. The investment marks a major milestone as BuiltAPI expands its services across Europe and the UK, following its graduation from the REACH UK Accelerator Program.
BuiltAPI tackles one of the real estate sector’s most persistent problems: fragmented, siloed data ecosystems. The company provides a robust API framework that enables seamless connectivity between legacy systems, modern SaaS tools, and intelligent automation platforms — with interoperability, governance, and cybersecurity at its core.
“We’re building the backbone of real estate data infrastructure,” said Olga Dentzel, Co-Founder of BuiltAPI. “This funding and the support of the REACH UK program are accelerating our ability to deliver secure, scalable integrations to clients across borders.”
BuiltAPI’s technology is already making an impact with major real estate institutions such as HIH Real Estate and its fund service platform INTREAL, through their digital unit INTREAL Solutions. These collaborations highlight a shared vision for practical and scalable digital transformation in real estate asset and investment management.
“The industry doesn’t need yet another tool — it needs a connective tissue,” added Ivan Nokhrin, Co-Founder of BuiltAPI. “Our mission is to empower real estate professionals to access, share, and act on their data securely and without barriers.”
Graduation from the REACH UK Accelerator — the scale-up program backed by Second Century Ventures – marks BuiltAPI’s official entry into the UK market. The program has played a key role in unlocking investors support and refining BuildAPI’s growth trajectory.
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