Riverstone Living buys £300m Kensington retirement living scheme
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.