Octopus launches £2b real estate firm

Octopus Group is merging two of its businesses, Octopus Healthcare and Octopus Property, to form Octopus Real Estate with more than £2 billion ($2.6 billion) of funds under management.

Octopus Real Estate will be led by Benjamin Davis, the current CEO of Octopus Healthcare, and will focus on capitalizing on the combined expertise to support Octopus’ expansion plans in the real estate market.

Octopus Property, a U.K. property lender focused on the residential, commercial and development sectors, has provided more than £3.6 billion ($4.7 billion) of financing since it was established in 2009. Octopus Healthcare is a leading U.K. healthcare property investor, developer and manager of care homes and retirement communities with almost £1 billion ($1.3 billion) of funds under management. The combined business, Octopus Real Estate, will have more than £2 billion ($2.6 billion) of funds under management, supported by a team of more than 110 people.

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