Senior Living Investment Partners (SLIP), a partnership between Pension Insurance Corporation (PIC), an insurer of defined benefit pension schemes, and real estate lender and investor Octopus Real Estate, has announced another investment via its joint venture with Elysian Residences.

A 100-unit integrated retirement community (IRC) will be located in Henley-on-Thames in Oxfordshire and will include a mix of one-bedroom, two-bedroom and three-bedroom homes. The development will include a range of amenities including a café and bistro, gym, swimming pool, wellness and relaxation areas, a curated library, and residents’ lounges.

The development is part of a wider strategic partnership with Elysian Residences and is funded through the SLIP joint venture with Elysian. This is the third Elysian site that SLIP has invested in and the fifth site overall with Elysian across the Octopus-managed Retirement Living funds.

Mathilde Guittard, investment director at Octopus Real Estate, said: “Through our partnership with PIC, we aim to deliver some of the highest-quality developments the later living sector has seen, with a drive towards both carbon efficiency and significant health and wellbeing benefits for the UK’s older population. This investment aligns with our commitment to providing high-quality, sustainable homes for all stages of a person’s life. The new IRC will offer residents a vibrant community with access to excellent amenities and services.”

Max Cawthorn, head of strategy at PIC Capital, added: “Our latest IRC investment marks our third development in collaboration with Elysian. This partnership is crucial in addressing the long-standing underfunding in the senior living sector. The Henley development, like our other projects, exemplifies our commitment to high-quality, purpose-driven investments. We aim to deliver an unparalleled experience that significantly enhances the quality of life for residents.”

Gavin Stein, chief executive of Elysian Residences, said: “The demand for retirement communities continues to grow, and we are delighted to partner with Octopus Real Estate and PIC to meet the high demand in Henley-on-Thames. Our partnership puts customers at the heart of what we do, allowing us to continue to innovate for the benefit of both customers and society, and work hard to serve all key stakeholders, including the local community of Henley-On-Thames, which we are proud to become part of.”