Heitman and its joint venture partners Signature Senior Lifestyle and Revera have completed a further acquisition and commenced construction (Project Highgate). The joint venture aims to develop, own and operate senior living communities across Greater London.
Project Highgate will be a senior living community located on London’s prestigious Bishops Avenue. This is Heitman’s second joint venture partnership with Signature and marks the third property that the current venture has acquired. All three sites are currently under construction with scheduled delivery dates in late 2022. Heitman’s joint venture with Signature and Revera was executed on behalf of an affiliate of the firm.
The site of Project Highgate is approximately 1.7 acres and will house, upon construction completion, a 7,500-square meter (80,730-square-foot), 96-unit prime senior living community. Approximately 25 percent of units will be developed to house specialized dementia units, while additi
