Israeli billionaire targets ‘immature’ UK care market  


Igal Ahouvi, an Israeli billionaire property investor, is targeting £300m worth of care home acquisitions in the UK.

The investor has bought 15 care homes in London and the south east from a private investor for £70m and is seeking a further £200m investment in the sector, Property Week reports.

Mr Ahouvi’s advisor Andrew Barrs, of BCM Real Estate, said: “He has seen a gap in four-star care in the UK.

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“There is either extremely expensive care available or cheap care, but in the middle, what you could describe as four-star is lacking.

“The care home sector is remarkably unsophisticated in the UK compared with anywhere else in the world. The provision is still very immature when put up against the substantial facilities in other countries and he has spotted a gap.”

Mr Ahouvi plans to refurbish his 15 care homes, which cover 882 beds in London and the south east.

The property tycoon owns a further seven care homes in the region.

Mr Ahouvi owns more than £3bn worth of real estate in Israel, Europe and Vietnam.

He previously owned a portfolio of Marriott hotels in the UK.

Tags : acquisitions

The author Lee Peart

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