Capreon and Revere Life form senior living JV

Capreon, the Noé Group’s real estate investment and advisory arm, has formed a joint venture with Revere Life to develop a senior living provision in the South East of England and Midlands.

As part of this partnership, Capreon will invest in the real estate and operations, highlighting its commitment to build a platform that is sustainable in the long term and focused on service delivery. The firm has exchanged on the purchase of a site in the home counties and will initially invest £70 million (€83 million/$97 million) as part of a targeted pipeline of £500 million (€593 million/$690 million).

Capreon’s research shows that the United Kingdom’s housing shortage has had a significant impact on older people — in particular, their ability to downsize into appropriate housing. When retiring, people want to be close to their family roots without having to compromise on the quality of environment or proximity to the towns and villages that they know and love.