Joint venture secures £47m for retirement village development

CGI of pool at Cobham

A joint venture between Audley Group and the real estate arms of Octopus and Schroders has secured a £47m development loan from Silbury Finance for a retirement village. Alongside equity investment from Octopus Real Estate and Audley, the 26-month loan will fund the 74-apartment retirement community in Cobham, Surrey. Audley Fairmile will comprise two-bedroom apartments,…

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