US-based Sunrise Senior Living is to invest up to EUR 770 mln to develop assisted-living communities in the UK in a joint venture with Prudential Financial's property investment arm. Sunrise plans to develop 18 communities in the UK over the next four years through its new joint venture with N.J.-based Prudential Financial. Prudential Real Estate Investor will own 80% of the joint venture, whilst Sunrise will own the remaining 20%, newspaper Washington Business Journal reported.
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