Announced
Completed
Financials
Tags
Real Estate Holding and Development
United Kingdom
Joint Venture
real estate development
retirement villages
Private
Friendly
Completed
Single Bidder
Private Equity
Synopsis
Audley Group, UK's leading provider of luxury retirement villages, Schroders Real Estate, the property investment arm of the leading global investment management group, and Octopus, a significant investor in healthcare facilities, formed a £310m joint venture to fund the development of four sector leading retirement villages. Nick Sanderson, founder and Chief Executive, Audley Group, said: “We have extensive experience of both developing and operating retirement villages, working with multiple partners across the UK. This new JV structure allows us to execute our model in a way which is far less capital intensive, but still delivers the first-class product which the market demands. Schroders and Octopus Real Estate have recognised the significant opportunity in the retirement living space and I look forward to working with them as we deliver these four villages.”
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