Queen Mary's Care Home - Bridges Fund Management








Queen Mary’s Care Home

Care home and assisted living scheme adjacent to Queen Mary’s Hospital in Sidcup

Investment Strategy



Date of initial investment


Bridges Executives

Simon Ringer

Challenge: The UK population of over-60s is due to increase by 20% between now and 2027, with the fastest growth among the over-85s (the number of whom is projected to more than triple to 7 million by 2081). As a result, demand for quality care homes is rapidly rising. Yet over 70% of current stock is older than 15 years, which means provisions risk becoming out of date. With the dramatic rises in the predicted incidence of dementia and other age-related illness, there is a growing recognition that the sector needs to develop specialist services and facilities, and to ensure continuous quality improvements.

Investable solution: Bridges has acquired the freehold interest in a 3.1-acre site immediately adjacent to Queen Mary’s Hospital in Sidcup for £7.2m in partnership with Castleoak. This follows the completion of 14 successful care home development projects in partnership with Castleoak in previous funds. The site currently has planning consent for a 60-bed care home and a 47-unit assisted living scheme.

Outcomes: The development will provide much needed care facilities to the local area and should include a range of environmentally friendly construction initiatives where viable.