莱坊：2023年医疗保健资本市场报告（英文版）（15页）.pdf

1、Healthcare Capital Markets economic uncertainty,the UK healthcare sector remains buoyant and the overall outlook is positiveHEALTHCARE CAPITAL MARKETS 2023HEALTHCARE CAPITAL MARKETS 202323For the second year in a row,the healthcare sector has experienced a fundamental shift in the attitudes of priva

2、te investors.In the 2023 edition of The Wealth Report,healthcare topped investors wish lists for a second year in a row.Our Attitudes Survey highlighted that just over a third of respondents globally were looking to invest in healthcare-related assets in 2023.Figure 1 presents a compelling view of t

3、he growing recognition of healthcare as a leading sector within real estate.As illustrated,there has been a substantial rise in private capital allocated to the sector,and the 24%share in 2021 grew to approximately 33%in 2022.This comes at a time when we have seen the percentage of capital allocated

4、 to more conventional classes,such as offices,dip.While this may simply be an indicator of diversification,we are ultimately experiencing a shifting of sentiment towards defensive sectors as investors seek certainty and consistency.2022 SUMMARY3.50%Average annualised returns72%Portfolio transactions

5、2.17bnFive-year average transaction volume 2.4bnTotal transaction volumeContinued private investor sector focusLong-term incomeWeighted average unexpired lease terms(WAULT)average 25 to 30 years in the residential care and hospital sectors.Leases are commonly index linked to inflation.The case for h

6、ealthcare as an investmentDemographic shiftThe UKs over-85 population is set to increase from 1.7 million to 3.7 million in 2050.This ageing population will result in increasing demand for residential care,primary care and acute hospital services.Secure incomeOperator revenue is reinforced by a heal