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Investors - MAY 25, 2021

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FORE Partnership forms U.K. senior living JV

by Andrea Zander

FORE Partnership has formed a joint venture with extra-care operator Amicala to deliver a new generation of ultra-sustainable later living developments in southern and central England.

The companies are actively seeking opportunities to develop as much as £300 million (€346 million/$424 million) in ultra-sustainable net-zero extra-care communities, in aggregate as many as 1,000 units. Target projects have a minimum potential of 100 units and will be located in strong regional centers such as Bristol, Brighton, Birmingham, Cambridge and within the M25.

Basil Demeroutis, managing partner of FORE, said, “It has been made abundantly clear as the United Kingdom has lived through the COVID pandemic that the quality of our homes has a huge impact on our health and wellbeing. This is true for seniors as much as anyone, and we want to bring our experience in developing ultra-sustainable, thoughtfully designed buildings to bear in creating a new generation of net-zero c

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