UK Retirement Real Estate Gets An £800M Investment Boost
Two new joint ventures have been struck in recent days in the UK retirement living real estate sector, which will bring £800M of new investment into the nascent sector.
FORE Partnership has formed a venture with extra care operator Amicala to invest about £300M into building about 1,000 senior living units and is looking for sites across southern and central England. It said it wants the schemes to be “ultra-sustainable net zero extra care communities."
And BlackRock has formed a joint venture with retirement village developer Audley to invest £500M in building schemes that again could accommodate about 1,000 units.