Acquisition of Retirement Living Portfolio
QMPF is delighted to have supported John Laing in this £200m deal which represents its first entry to the retirement living sector in the UK. John Laing is partnering with McCarthy Stone, the UK’s leading developer and manager of retirement communities, and creating a platform for growth, acquiring purpose-built and let retirement living units managed by McCarthy Stone. Over the first 12 months, the platform will acquire 650 high-quality and geographically diverse units.
This partnership supports the supply of essential and sustainable infrastructure, offering residents independence and a sense of community with the increased flexibility of a rental model and is in line with John Laing’s strategy of investing in platforms which are asset-backed, scalable and offer long-term, resilient cash flows with positive social impact.
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