OakNorth Bank has provided an £87.6 million property investment facility to retirement living developer and operator, Elysian Residences, to refinance two of its recently completed schemes: The Denton in Berkhamsted, Hertfordshire and The Beckett in Tunbridge Wells, Kent.

The schemes are part of a joint venture between Elysian, and Octopus Capital and Schroders Capital’s UK Retirement Living Fund, which focuses on acquiring and developing retirement living schemes across the UK.

The Denton development comprises 103 units and The Beckett 89 units, both offering luxurious, purpose-built retirement living. Amenities include gyms, libraries, bars, restaurants, communal gardens, 24-hour care provision, and private parking.

Elysian Residences is a developer and operator of luxury retirement communities. Its portfolio includes 11 communities – either operational, in planning, or under development –with approximately 1,000 units and a total sales value exceeding £1 billion.

Deepesh Thakrar, managing director of debt finance at OakNorth, said: “Elysian is delivering exceptional retirement living schemes that cater to an underserved but rapidly growing demographic. Their commitment to architectural quality, lifestyle experience, and care integration makes them stand out in this sector… it’s a privilege to support the refinancing of these two outstanding developments alongside such a strong equity partner in Octopus Capital and Schroders Capital.”