Finance

Audley forms £500m JV with investment giant BlackRock

By 2021-05-24T08:51:00

Retirement home

Source: Shutterstock/gagliard images

Retirement villages specialist Audley Group and BlackRock Real Assets have formed a £500m joint venture (JV) that marks the investment group’s entry into the retirement living sector in the UK.

The joint venture will fund the development of retirement communities including at least three mid-market villages within the Audley Group’s Mayfield portfolio. Rothschild and Co advised Audley, and JLL advised BlackRock Real Assets on the transaction.

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