Section: Supported Housing

New supported living joint venture announced

Posted 11.04.17
Shore Capital: Article link

Shore Capital, the independent investment group specialising in capital markets, principal finance and asset management, has announced a new joint venture focused on real estate opportunities in the supported living sector, called Puma Social Care Investments Ltd (PSCI).

PSCI has been established to acquire newly built or converted assets which provide residential accommodation in the form of self-contained apartments for individuals with learning disabilities, enabling them to live independently with the support of on-site care.

Each site will typically have between 10 and 20 units.

The assets targeted will benefit from long-term, typically 25 or 30 year, inflation-linked leases to housing associations.


L&Q launches new supported housing subsidiary

Posted 04.04.17
Source: Article link

L&Q is set to meet the needs of growing numbers of older and vulnerable people as it launches its new care and support subsidiary, L&Q Living.

L&Q Living brings together more than 6,600 supported and sheltered housing units from both L&Q and East Thames, following their merger in December last year.

The £47 million pa subsidiary will provide accommodation and support for older people, adults with learning disabilities, with mental health needs and young people across London and the South East.

It aims to build upon the existing services provided individually by both East Thames and L&Q by becoming a sector leader in dementia and autism care.

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Reporting on April 2017

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