Mishcon de Reya has advised luxury retirement living developer Elysian Residences on the acquisition, planning approval, joint venture arrangements and development finance aspects of its new best-in class retirement village.
The investment was made via its joint venture with Senior Living Investment Partners (SLIP), a partnership between Pension Insurance Corporation plc (PIC) and specialist real estate lender and investor Octopus Real Estate (Octopus). This is the third Elysian site that SLIP has invested in.
The new Integrated Retirement Community is located in Henley-on Thames and will include approximately100 units alongside a number of luxury amenities including a swimming pool, wellness and relaxation areas, and a curated library. The development has been designed to foster the sense of community that Elysian is synonymous with.
Lee Foxcroft, Commercial Real Estate Partner at Mishcon de Reya commented: "We are delighted to have advised Elysian on this best-in-class development, which sets a standard of excellence for later living communities and prioritises quality, comfort and wellness."
The deal was led by Commercial Real Estate Partner Lee Foxcroft, with assistance from Katie Gallagher. Tom Barton and Rebecca Gough provided Planning advice.
With over 130 fee earners including 46 partners, Mishcon de Reya's Real Estate department is one of London’s largest and most diverse property teams. Our Real Estate department comprises well-regarded specialist practice areas and provides a one stop shop for all of our clients' property requirements. The team provides a seamless service from investment, structuring, funding, acquisition and planning, through to construction, development, tax and litigation advice.