ICG Real Estate (“ICGRE”), the real estate division of global alternative asset manager, ICG, has provided a £63 million loan to a joint venture vehicle established between Elysian Residences and Senior Living Investment Partners (“SLIP”) to fund a new retirement scheme.
SLIP is the partnership between Pension Insurance Corporation plc (“PIC”), a specialist insurer of defined benefit pension schemes, and real estate lender and investor, Octopus Real Estate.
This facility will fund the acquisition and development of a new 100-unit luxury Integrated Retirement Community (“IRC”) in Henley-on-Thames, Oxfordshire, a town renowned for its scenic beauty, vibrant community, and the world-famous annual Henley Royal Regatta.
The development will feature a mix of one-bedroom, two-bedroom, and three-bedroom homes together with a wide range of amenities designed to enhance the quality of life for its future residents. These will include a café and bistro, gym, swimming pool, wellness and relaxation areas, a curated library, and residents’ lounges. The community is designed around communal spaces and centralised facilities, promoting a strong sense of community and well-being among residents.
Source: icgam.com on the 27th of January 2025
https://www.icgam.com/2025/01/27/icg-real-estate-provides-63m-loan-for-retirement-scheme-in-henley-on-thames/