PIC and Octopus partner to build £115m development

The firms are set to build 124 homes via a joint venture with Elysian Residences

Holly Roach
clock • 2 min read
St Albans integrated retirement community
Image:

St Albans integrated retirement community

Pension Insurance Corporation (PIC) and Octopus Real Estate have partnered to build a £115m retirement community in St Albans in Hertfordshire.

This is the first retirement community investment made by the firms via a joint venture with Elysian Residences, which has acquired a nine-acre site with planning consent to develop 124 residences ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

Sustainable and impact briefs to make up half of private market portfolios in next two years

Sustainable and impact briefs to make up half of private market portfolios in next two years

Asset owners say they can achieve better social and environmental outcomes through private markets

Jonathan Stapleton
clock 21 November 2024 • 3 min read
Liquid alternatives can increase scheme resilience, Aon says

Liquid alternatives can increase scheme resilience, Aon says

Firm says these assets can help UK schemes improve portfolio resilience while generating returns

Jasmine Urquhart
clock 21 November 2024 • 2 min read
Pension funds set to ramp up private market and global equity allocations

Pension funds set to ramp up private market and global equity allocations

Some 94% of respondents are either already invested or planning to invest in private markets

Jonathan Stapleton
clock 20 November 2024 • 3 min read
Trustpilot