A programmatic JV between PFA, the Danish pension fund, and UK retirement housing specialist, Audley Group, has kick started an international foray together with a site in outer Copenhagen.
Evia, the name of the JV company, will fund the development of ten retirement communities with up to 250 later living apartments in each at ³§³¦³óæ´Ú´Ú±ð°ù²µÃ¥°ù»å±ð²Ô.
³§³¦³óæ´Ú´Ú±ð°ù²µÃ¥°ù»å±ð²Ô is a former hotel and conference venue located near Gentofte.
Michael Bruhn, property director of PFA, explained ³§³¦³óæ´Ú´Ú±ð°ù²µÃ¥°ù»å±ð²Ô was a unique property with a long history. In 1948 the country estate was acquired by the Foundation of Danish-Norwegian Cooperation.
’I am very pleased that ³§³¦³óæ´Ú´Ú±ð°ù²µÃ¥°ù»å±ð²Ô will be the first location where we can launch our new serviced senior housing concept, Evia Living. I am certain that Evia and the concept of Evia Living is the right platform for what this is all about: An attractive housing alternative for 60+ who want the best possibilities for living the life that they wish – their whole life.’
Audley Group is a specialist retirement housing provider which acquires sites, develops and then operates retirement villages.
The Group has two brands: Audley Villages, founded in 1991 and aimed at the luxury end of the market, and Mayfield Villages, a broader proposition. The group owns a portfolio of 20 villages across the UK. Owners buy their own house or apartment on a 250-year lease with access to facilities and flexible care.
News of the Denmark investment comes days after it was revealed Audley Group’s shareholders had appointed an advisor to consider a sale. PFA and UK real estate firm Moorfield are the owners.
