Audley Group has formed a joint venture with the real estate arm of Schroders and Octopus Real Estate to fund the development of four sector-leading retirement villages in the United Kingdom.
The joint venture agreement covers the Audley Villages sites at Cobham in Surrey, Sunningdale Park in Berkshire, Scarcroft in West Yorkshire and Stanbridge Earls in Hampshire. These four villages will represent a total gross development value in the region of £400 million ($490 million), providing a total of over 500 units together with extensive facilities.
Schroders Real Estate, the property investment arm of the global investment management group, is working with Octopus Real Estate, part of the Octopus Group and a significant investor in healthcare facilities throughout the United Kingdom, to invest in the development of new retirement villages. Together, they will provide the majority of equity for the developments alongside Audley Group, which will be responsible for the op
