Topland Group has unveiled plans to ramp up its investment in healthcare property and continue growing its hotel portfolio.
In its annual statement, the investment company’s chief executive Sol Zakay said Topland would double its investment in healthcare property this year, having invested more in the sector in 2016 then the £250m it had initially allocated. Growth is expected to be driven by partnerships with specialists and expansion into different niches of the healthcare market.
Topland has a joint venture with private equity group Henley, which buys and sells refurbished supported-living properties. It also has a number of GP surgeries in its portfolio.
In the year ahead, Zakay said Topland would look to continue growing its hotel portfolio, which comprises 40 hotels, and develop the Hallmark Hotels chain it acquired in 2014 into a national brand.
Topland’s Executive Chairman & CEO Sol Zakay added:
“We remain committed to building a £1bn hotel business through further acquisitions of both standalone assets and portfolios. In addition to building a leading UK leisure business, Topland is actively looking to acquire branded or unbranded hotels abroad in mainland Europe or in the Caribbean ”
Topland would also continue to acquire assets with short-dated income, an element of vacancy and the potential to add value, Zakay said.
“The investment climate is undoubtedly more challenging but our entrepreneurial culture and in-depth experience across a diverse range of sectors and money ready to deploy puts us in a strong position to capitalise on the opportunities presented by the prevailing market inertia.”
Zakay said.
Article by: Property Week
