The funding has been provided to Elysian Residences and Senior Living Investment Partners (SLIP) which have formed a JV for the project.
SLIP itself is a partnership between Pension Insurance Corporation and Octopus Real Estate.
The £63m will be used to fund the acquisition and development of a 100-unit retirement community in the Oxfordshire town.
This will feature a mix of one-, two- and three-bedroom homes, with a cafe, bistro, gym, swimming pool, library and residents’ lounges also featuring on the site.
“We continue to see Living as a high-conviction sector, with Henley-on-Thames our first deal in the retirement space,” said Isobel Dench, managing director at ICG Real Estate.
“The retirement market has compelling demographics supporting it, which is expected to encourage future demand. We see this development as a great opportunity to enter the market alongside experienced sponsorship, in a prime location with strong micro fundamentals.”
Leave a comment