Capreon, the Noé Group’s real estate investment and advisory arm, has announced it is joining forces with retirement village specialist Revere Life to develop senior living provision in the South East of England and Midlands.
As part of this partnership, Capreon has exchanged on the purchase of a site in the home counties and will initially invest £70 mln (€83 mln) as part of a targeted pipeline of £500 mln.
Raphael Noé, founding partner at Capreon, said: ‘We are excited to embark on this joint venture with Revere Life. They are a highly experienced management team with a strong track record. They will strive to provide the highest quality of service and care for their customers. Not only were we impressed by the professionalism of the Revere Life team, but also that they share our interest in generating high-quality, niche developments that incorporate buildings that are true to their location.’