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Riverstone Living buys £300m Kensington retirement living scheme
Transactions - AUGUST 2, 2019

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Riverstone Living buys £300m Kensington retirement living scheme

by Andrea Zander

Riverstone Living has agreed to forward purchase Berkeley Group and M&G Real Estate’s £300 million ($364 million) retirement living scheme in the London submarket of Kensington.

It is the second major deal for the business, which is majority-owned by Goldman Sachs, since its launch in 2018.

Development of the retirement living community is planned to be completed in early 2022.

Riverstone Living is aiming to build a portfolio of up to 10 retirement properties in London.

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