Octopus Real Estate and PIC Collaborate with ICG for Luxurious Retirement Development
Deal News | Jan 27, 2025 | Intermediate Capital Group (ICG)
Intermediate Capital Group Real Estate has extended a £63 million loan to back a joint venture between Elysian Residences and Senior Living Investment Partners for a retirement scheme in Henley-on-Thames. The development, a 100-unit Integrated Retirement Community, will feature various housing options and amenities like a gym, pool, and library. This scheme aligns with ICG's strategy of investing in 'Living,' a sector with strong demographic support for future demand. This first deal in the retirement space for ICGRE marks a collaboration with Octopus Real Estate and dovetails with the capital investment recently announced by Elysian and SLIP. Kevin Beirne from Octopus Real Estate and Gavin Stein from Elysian Residences emphasize the high demand and community benefits of this initiative.
Sectors
- Real Estate
- Private Equity
- Senior Living
Geography
- United Kingdom – The investment and development focus on Henley-on-Thames in Oxfordshire, illustrating a geographic interest within the UK.
Industry
- Real Estate – The funding and development of a luxurious retirement scheme classify this under the real estate sector, focusing on property investment for residential purposes.
- Private Equity – Involvement of ICG highlights activities typical to the private equity sector, including structured financing and investment partnerships.
- Senior Living – The development of a retirement community is central to the senior living sector, establishing environments tailored for elderly residents.
Financials
- £63m – The loan provided by ICG Real Estate for the retirement community development.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Intermediate Capital Group (ICG) | Lender | Company | A global alternative asset manager providing the loan to fund the retirement community project. |
| Octopus Real Estate | Investor and Real Estate Partner | Company | A key partner in the joint venture focused on creating retirement communities. |
| Elysian Residences | Joint Venture Partner | Company | Collaborating in the development of the retirement scheme. |
| Senior Living Investment Partners (SLIP) | Joint Venture Partner | Company | A partnership involving Pension Insurance Corporation and Octopus Real Estate for senior living investments. |
| Pension Insurance Corporation plc (PIC) | Investor | Company | Part of the SLIP, focused on investments in retirement-related projects. |