\n<\/p>\n
HONG KONG SAR –\u00a0Media OutReach<\/a>\u00a0– 20 October 2021 –\u00a0The developer behind a
\u00a0<\/p>\n Bartra Healthcare, a
\u00a0<\/p>\n James Hartshorn, CEO and
\u00a0<\/p>\n Firstly, Ireland is a
\u00a0<\/p>\n These locations have a
\u00a0<\/p>\n Ireland has become an
\u00a0<\/p>\n Additionally in Ireland, the Irish nursing home sector is facing a major
This has led the Irish
\u00a0<\/i><\/p>\n Bartra Healthcare
\u00a0<\/p>\n The total cost of the
\u00a0<\/p>\n Jeffrey Ling,
HONG KONG SAR –\u00a0Media OutReach\u00a0– 20 October 2021 –\u00a0The developer behind a
portfolio of four purpose-built, premium nursing homes costing \u20ac127m
(HKD1.15bn) in Ireland is expanding its healthcare business to provide more
much-needed nursing home beds and is well-positioned to fundraise the
construction costs from Asia investors through the Immigrant Investor Programme
(IIP). \u00a0 Bartra …<\/p>\n","protected":false},"author":1,"featured_media":18254,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/18253"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=18253"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/18253\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/18254"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=18253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=18253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=18253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nportfolio of four purpose-built, premium nursing homes costing \u20ac127m
\n(HKD1.15bn) in Ireland is expanding its healthcare business to provide more
\nmuch-needed nursing home beds and is well-positioned to fundraise the
\nconstruction costs from Asia investors through the Immigrant Investor Programme
\n(IIP). <\/p>\n
\nsubsidiary of Bartra Group, is adding Cookstown Tallaght, a \u20ac33m nursing home
\nproject (Phase Five) in South Dublin to its portfolio. The Group’s subsidiary, Bartra Wealth
\nAdvisors<\/a> launched the project globally on 15 October<\/b> to its IIP clients
\nacross Hong Kong and Shanghai in China, and Ho Chi Minh City in Vietnam, and
\nmanaged to snap up \u20ac6m in two weeks at the project ‘pre-launch’ stage. <\/p>\n
\nCo-founder of Bartra Wealth Advisors commented, “We are glad to see our hard
\nwork has paid off. Many high-net-worth clients in Asia would like to immigrate
\nto Ireland and they are confident in the IIP and Bartra’s nursing home projects
\non four fronts. <\/p>\n
\nrising star in Europe where it provides excellent education to children, which
\nleads to good future job prospects as a result of its growing economy as well
\nas opportunities in EU countries, the UK and the US. Secondly, the IIP provides
\nfast track permanent residency status with great flexibility on residing
\nrequirements as applicants can immigrate without relocating. Thirdly, our integrated
\nbusiness model makes our clients feel safe. We are the only nursing home
\ndeveloper in the Irish healthcare sector to source, build and manage projects
\nfrom start to finish as well as provide clinical care premium services. In Hong
\nKong and other major cities in China, and in Vietnam, we provide our clients
\nwith direct investment opportunities into our IIP projects including nursing
\nhomes. Finally, all the nursing home projects are carefully sourced and built
\nin key Dublin urban locations where they benefit from excellent transport links
\nand proximity to major hospitals. <\/p>\n
\nhigh demand for nursing home beds and the projects are built to meet the
\nhighest Irish Government (HIQA) and EU standards, qualifying Bartra Healthcare
\nhomes for government supported revenue models. Investing in our projects is not
\nonly very safe, but also capital guaranteed with a 4% annual interest rate, all
\nfactors favoured by our Asian clients.”<\/p>\n
\non-demand immigration hotspot in Asia as an alternative to the UK, the US and
\nother English-speaking countries. Affluent families are drawn to its
\noutstanding quality of education and living standards as well as its
\naccessibility to the EU and the UK (under the CTA Agreement), strong transport
\nlinks to Europe and the US, and strong economic growth that perennially puts\u00a0Ireland
\nahead of its European peers. Many industries such as pharmaceuticals,
\ninnovation and technology, and the financial sectors are fast-growing, with
\nmore foreign companies coming into Ireland to set up European headquarters and
\nensuring a thriving job market. All these factors make Ireland one of the
\nworld’s immigration hotspots.\u00a0 <\/p>\n
\nshortage of beds thanks to years of under-investment following the recession in
\n2008. Because of this lack of beds, and coupled with Ireland’s ageing
\npopulation where more than 15% of the population is now aged over 65, the
\ndemand for nursing home facilities is huge. CBRE’s 2021 report outlined that
\nIreland needs to build an extra 15 thousand nursing home beds over the next
\nnine years to service this growing elderly population.\u00a0\u00a0\u00a0\u00a0\u00a0 <\/p>\n
\ngovernment to prioritise IIP investment in the delivery of critically needed
\nnursing home accommodation. In Ireland, the Health Service Executive (“HSE”) also
\nsupports the private nursing home sector through the Irish Government’s Nursing
\nHome Support Scheme (also known as the “Fair Deal Scheme”) which provides
\napproximately 80% of the income for private nursing homes.<\/p>\n
\nwas established in response to the acute and high demand for nursing home care
\nin Ireland and is on course to become the largest private-sector provider with
\na portfolio of over 1,000 beds across at least 10 nursing homes. Bartra
\nHealthcare has four projects in its nursing home portfolio, three of which are
\nalready in operation, while construction is ongoing on the fourth home,
\nproviding a total of 608 beds and costing approximately \u20ac127m. The latest
\nproject, Cookstown Tallaght in South Dublin, will provide a 131-bed nursing
\nhome, together with a pharmacy and cafe, and is expected to commence
\nconstruction in 2022. The site is located in the heart of Tallaght, a thriving
\nurban hub with a population of 80,000 making it one of Dublin’s largest suburbs,
\nwhere it also benefits from excellent transport links \u2013 the Belgard Luas light
\nrail station is just 250 metres away, providing access for both staff and the
\nfamilies of residents. It also boasts proximity to major hospitals, including
\nTallaght University Hospital, Ireland’s leading academic teaching hospital,
\nwhich is less than a kilometre away, and St James’s Hospital, just 8km away.<\/p>\n
\nlatest project is approximately \u20ac33m and Bartra is seeking \u20ac20m investor loans
\n(5-year term, 4% annual interest) from IIP applicants to fund construction. In
\nthe two weeks prior to the official launch on 15 October, \u20ac6m was secured from
\nIIP investors in Hong Kong and Ho Chi Minh City managed by Bartra’s immigration
\narm Bartra Wealth Advisors. <\/p>\n
\nBartra Wealth Advisors Regional Director commented on the advantages of
\nBartra’s IIP nursing home projects during a Hong Kong seminar: “We are the only
\ngroup that integrates development, operation and management in the IIP, run and
\nmanaged by a dedicated division \u2013 Bartra Healthcare.\u00a0Bartra’s nursing
\nhomes are safe, authorised and much-needed projects in Ireland, and they have a
\nstate-backed revenue steam. We are committed to the home quality and to
\nproviding our clients principal repayment and 4% interest per annum. The scheme
\nis extremely popular among our Hong Kong clients, who said they can use the 20%
\ninterest obtained at maturity, which is circa HK$2 million, to pay their
\nchildren’s education fees or to buy property in Ireland.” <\/p>\n<\/p><\/div>\n\n
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