A Topland Group and Henley Investments joint venture has sold a £50m portfolio of supported-living assets to fund manager Equitix.
The UK-wide portfolio, which is underpinned by housing association leases, has been aggregated by Henley Healthcare Investments since 2014, via the JV vehicle with investor Topland.
Both Topland and Henley will re-deploy capital from the disposal back into the supported-living sector, with Topland having set aside £300m for further investment.
“We are very enthusiastic about this new emerging sector and have committed significant resources to grow the business,” Topland’s executive chairman and chief executive Sol Zakay said.
CBRE acted for Topland and Henley, and Knight Frank for Equitix.