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

Scottish Widows partners with Robeco on responsible investment

Scottish Widows partners with Robeco on responsible investment

Partnership will see the creation of equities indices in developed and emerging markets

Martin Richmond
clock 21 January 2025 • 2 min read
GMPF partners with L&G on affordable housing investment

GMPF partners with L&G on affordable housing investment

LGPS fund invests £100m to deliver affordable housing in the North West of England

Martin Richmond
clock 20 January 2025 • 2 min read
Partner Insight: Pensions find new sources of long-term cash flows

Partner Insight: Pensions find new sources of long-term cash flows

Insights from Nuveen's 2024 EQuilibrium survey

Romina Smith and Sophie Ballard, Global Client Group at Nuveen
clock 20 January 2025 • 4 min read
Trustpilot