The challenge

CBRE saw an increase in demand for retirement properties, and a change in what residents were looking for as a result of the pandemic. Many elderly individuals and couples were looking to downsize and move to retirement villages where they benefit from high-end accommodation but with reduced household upkeep, as well as a community where they can have more of a social life with care availability as required. CBRE’s Debt & Structured Finance team advised a borrower who was looking for a trusted lending partner to support it in developing a new retirement village that could meet this demand.

Opportunity & Outcomes

We supported the borrower with a structured finance facility of £42M to develop 84 retirement homes in a purpose-built village in South-East England. It will have extensive health and recreational amenities, including a spa and treatment rooms, pool, gym, lounge bar, library, and restaurant.