Octopus Extends It Tentacles As SLIP Targets Oldies

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• Octopus Extends It Tentacles As SLIP Targets Oldies

Senior Living Investment Partners, a partnership between Pension Insurance Corporation and Octopus Real Estate, has announced development project via its joint venture with Elysian Residences.

A 100-unit ‘integrated retirement community’ will be located in Henley-on-Thames in Oxfordshire. It will include a mix of one-bedroom, two-bedroom and three-bedroom homes. The development is part of a wider strategic partnership with Elysian Residences and is funded through the SLIP JV with Elysian. This is the third Elysian site that SLIP has invested in and the fifth site overall with Elysian across the Octopus-managed retirement living funds.

The development will include a café and bistro, gym, swimming pool, wellness and relaxation areas, a curated library, and residents’ lounges. 

Take your PIC

Mathilde Guittard, an investment director at Octopus Real Estate, says: “We will work with Elysian Residences to deliver this new IRC. Through our partnership with PIC, we aim to deliver some of the highest quality developments the later living sector has seen, with a drive towards both carbon efficiency and high-quality, sustainable homes for all stages of a person’s life.” Max Cawthorn, the head of strategy at PIC Capital, adds: “Our latest IRC investment marks our third development in collaboration with Elysian.

This partnership is crucial in addressing the longstanding underfunding in the senior living sector.” Gavin Stein, the CEO at Elysian Residences, says: “The demand for retirement communities continues to grow. We wll partner with Octopus Real Estate and PIC to meet the high demand in Henley-on-Thames.” 

Blooming market

This transaction builds on growing investment momentum in the retirement living sector. The addition of the scheme to the Octopus portfolio means the two Octopus institutional retirement living Funds are now fully committed across 11 properties, delivering over 2,400 much-needed beds to the sector.

Picture: Audley Village at Headley Court is a development which involved PIC back in 2023 when the firm anticipated c.£1bn in Gross Development Value in the integrated retirement community sector.

Article written by Cathryn Ellis
14th January 2025

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