A joint venture between Elysian Residences, a luxury retirement living developer, and the UK Retirement Living Fund (ReLF), which is managed by Schroders Real Estate and advised by Octopus Real Estate, has been formed to develop retirement communities.
The new retirement communities will provide luxury homes for over-65-year-olds and are expected to generate close to £200 million (€232 million/$279 million) of gross development value. The joint venture has been formed through ReLF, which targets investment in high-quality later-life residential facilities.
The first project of the joint venture has also been announced — a purpose-built village for homeowners aged over 65 years, in Berkhamsted, Hertfordshire — which will provide 103 apartments and a thriving community in which residents can live on their own terms. The new development will be branded as an Elysian Residences scheme and have hotel-style facilities set in landscaped grounds, including a double-heig
