AXA Investment Managers – Real Assets has completed the acquisition of Retirement Villages Group on behalf of a club investors.
The deal includes 14 retirement villages comprising 1,274 homes and 402 care beds across the South East and South West.
Retirement Villages will continue its operations independently and the care side will be operated by HC-One Limited under 25-year leases.
AXA IM – Real Assets has a managed healthcare portfolio valued at more than €1bn (£888m) across Europe.
Andrew Ovey, head of healthcare at AXA IM – Real Assets, said: “RVG has proven its leadership in the sector and has secured a pipeline of extensions and new sites that offer scope for penetration of an undersupplied market.”
Deloitte advised AXA IM – Real Assets on the acquisition.
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