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Eversheds Sutherland advises Audley Group on luxury retirement village joint venture

  • United Kingdom
  • Global

    26-10-2017

    Eversheds Sutherland has advised Audley Group (Audley), the UK’s leading provider of luxury retirement villages, on its joint venture (JV) with Apache Capital Partners (Apache Capital), a London and Gulf-based private real estate investment management firm, to deliver a 13,750sqm, luxury high-end retirement village in London.

    The scheme has a gross development value of £125m and is situated on Nightingale Lane, overlooking Clapham Common. Construction and development of the scheme is anticipated to commence by mid-2018, with completion expected in 2020.

    The Eversheds Sutherland team was led by Corporate Partner Aleen Gulvanessian. The team comprised: Partner Dominic Morris (Real Estate and Construction), Principal Associates Nicola Evans (Corporate), Ed Freeman (Construction) and Devreaux Gravell (Banking & Restructuring), Senior Associate Megan D’Souza (Real Estate), and Associates Angus Simpson (Corporate), and Lauren Topper (Construction).

    Aleen Gulvanessian, commented:

    “We are delighted to have advised Audley on this significant transaction involving their first London site.”

    Nick Sanderson, CEO, Audley Group, commented:

    “This was a complex transaction which involved advice from the Corporate, Real Estate, Tax, Banking and Planning teams at Eversheds Sutherland. All have a good knowledge of the Audley business and were able to apply that to ensure the structuring of the Joint Venture maximised the opportunity whilst protecting our position.”

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