Publications

LaSalle Residential Finance provides a £106m loan to Audley Group JV
Transactions - FEBRUARY 24, 2020

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

LaSalle Residential Finance provides a £106m loan to Audley Group JV

by Released

LaSalle Investment Management has announced the provision of a £106 million (€126 million/$137 million) loan facility to finance the development of two retirement villages in the South of England.

The development loan has been extended from the LaSalle Residential Finance (LRF) program to a recently formed joint venture between Audley Group, the U.K. luxury retirement village provider, and the U.K. Retirement Living Fund, which is managed by Schroders Real Estate, an investment manager, and Octopus Real Estate, a U.K. specialist real estate lender and investor.

The facility is secured against two luxury retirement villages to be developed by the joint venture and operated by Audley: Stanbridge Earls in Romsey, Hampshire, and Sunningdale Park in Sunningdale, Berkshire. Together the two villages will comprise more than 250 for-sale residential units for over-65s and high-quality amenities. As demographic change drives increased demand for purpose-built retirement c

Forgot your username or password?