PIC and Octopus form retirement living JV

Retirement home

Source: Shutterstock/gagliard images

Pension Insurance Corporation (PIC) has committed up to £200m to a joint venture that will fund the development of around 10 new retirement communities across the UK in its first investment into the sector.

Senior Living Investment Partners - a joint venture between PIC and Octopus Real Estate. – will provide homes for around 2,000 older residents

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