PIC and Octopus Real Estate acquire Brent Cross site

Written by Adam Cadle

22/08/2023

Senior Living Investment Partners (SLIP), a £200m partnership between PIC and Octopus Real Estate, has announced an investment in Brent Cross Town, north London.

This marks SLIP’s third retirement community investment and the second with Audley Group, the UK’s leading provider of Integrated Retirement Communities (IRCs).

The joint venture between Audley and SLIP has agreed to acquire 100% of the long leasehold interest in a plot within the Brent Cross Town masterplan on which to develop a new retirement village as part of Audley Group’s Mayfield Villages.

PIC Capital senior strategy manager, Bryony Harrap, said: “The creation of new communities through large scale regeneration projects is completely consistent with PIC’s purposeful investment strategy.

“Our investment in the retirement village is one piece of the jigsaw that will allow the provision of new homes, jobs and living spaces for the people of Brent Cross. Working closely with our joint venture partner Octopus Real Estate and leading retirement village provider Audley Group, we continue to play our part in meeting the twin challenge of an ageing population and an undersupply of appropriate housing while also providing long-term secure investments which underpin the pensions we pay to our policyholders.”

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