Publications

M&G and Birchgrove create $93m senior living partnership
Investors - JANUARY 4, 2022

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

Sign in Sign up for a FREE subscription

M&G and Birchgrove create $93m senior living partnership

by Andrea Zander

M&G Real Estate has acquired two developments managed by Birchgrove Holdings, an assisted living operator.

The £69 million (€83 million/$93 million) investment — M&G’s first in the U.K. senior living sector — represents the first phase of a long-term partnership that could deliver more than £200 million (€239 million/$271 million) of purpose-built communities over the next five years.

The two properties, which comprise 125 one-, two- and three-bedroom apartments, are located in the South East towns of Sidcup and Woking, where there is a strong demand for assisted living among those looking to downsize or move out of London. Built to exacting environmental standards, both properties have been specifically designed for the senior generation, with high levels of amenity enabling residents to maintain independence and enjoy the benefits of a community, but without the burden of property ownership.

Made on behalf of the £1.2 billion (€1.4 bil

Forgot your username or password?