Octopus names new development director

Octopus Real Estate, part of UK investor and lender Octopus Group, has strengthened its retirement team with the appointment of Marcus Adam as development director.

In his role, Adam is responsible for underwriting, negotiating and coordinating the new developments for the Octopus Real Estate retirement team, as well as having oversight of the marketing of each development. He will also hold positions on joint-venture boards on behalf of Octopus Real Estate.

The Octopus Real Estate retirement team partners with institutional investors, operator senior management and developers of retirement communities, helping to build modern fit-for-purpose retirement housing.
He joins from real estate developer Amro, where he spent two years as development director. In the role, he was responsible for the overall direction and delivery of all developments in leading Build to Rent (BtR) and Purpose-Built Student Accommodation (PBSA) projects both in the UK and Europe.

Prior to this role, he held various senior management positions in firms within the real estate industry.

Kevin Beirne, retirement director at Octopus Real Estate, said: 'The retirement housing market suffers from a significant supply-demand imbalance, and demand is being driven by an aspirational growing aging population who increasingly want to downsize and enjoy retirement in high-end accommodation. Marcus brings a wealth of experience and knowledge to a team that has positioned itself as a real specialist in the industry. We believe that Marcus will enhance our team’s capabilities to enable us to develop and deliver quality modern homes for UK retirees.'

In 2019 Octopus Real Estate announced that it had formed a joint venture with the real estate arm of Schroders to fund the development of four retirement villages with the Audley Group, a major UK provider of luxury retirement villages.
 

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