Retirement village sold in £102m deal
A Warwickshire retirement village has been sold as part of a £102m deal.
Legal & General has bought a portfolio of four retirement villages portfolio from Helical, which is disposing of non-core assets. The sale was agreed at a 13% discount to its book value of £117m.
The property deal includes Maudslay Park, a 166-unit development site at Great Alne, as well as sites in Hampshire, West Sussex and Devon. In total, the portfolio will contain 694 units once completed.
Gerald Kaye, chief executive of Helical, said: "Whilst we ... For the full story register now for free or login below...