London, England, 19 June 2019 – Cain International, the privately held real estate investment firm operating in Europe and the United States, has made a £56 million loan on the Landsby, a 101-home high-end later living project located in Stanmore, north-west London.
Elysian Residences, the specialist later living investor and operator, is the developer and will operate the project upon completion. Henry Construction is delivering the residences, which are expected to complete towards the end of this year.
This loan further illustrates Cain International’s wide range of financing options. Over the last 12 months, the firm has provided a $285 million loan to develop the Aman hotel in NY and acquired a majority stake in Fortwell Capital, which provides construction loans of up to £50 million across the UK.
Commenting on the deal, Graham Keable, Principal at Cain International, said:
“Partnering with Elysian Residences reflects Cain International’s philosophy of working alongside strong partners that are providing a sound solution to address market demand. With nearly 12 million people in the UK over 65 today, and an expectation for that number to grow by 20% over the next decade, we are proud to support Elysian as they deliver their vision of high-quality later living homes.”
Gavin Stein, CEO of Elysian Residences, said:
“We appreciate Cain International’s support, as we look forward to the Landsby completing later this year. The Landsby will meet growing demand from an increasingly significant group of people seeking attractive and flexible living spaces which cater to their changing needs, without compromising on design and quality.”
Elysian Residences has formed a joint venture with One Eighty International to operate the property. One Eighty is one of the world’s largest retirement living operators, with around 6,500 units across the US, Canada, Mexico and India and 40 years’ experience. Elysian has an exclusive partnership with One Eighty in the UK.
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