Sector:  Healthcare (Assisted Living)
Investment:  >£50 million
Funding Partners:  Barclays Bank,

HSBC, Starwood Capital Group, Vinci plc
Deal Type:  Development and Growth Capital

Battersea Place has an end value of £120 million and is expected to be the first purpose built retirement community to open in London. It will provide luxury services and amenities for retired people and will comprise 109 residential units (in which residents can live privately and independently in their own home) as well as a 30 bed nursing home wing.

The partners at ASA completed a sophisticated £56.75 million development funding package for LifeCare Residences Limited for its luxury retirement community project in Battersea, London. The funding package comprised senior funding from Barclays Bank, HSBC and Starwood Capital Group on a clubbed basis, together with mezzanine finance from Starwood Capital Group and Vinci plc.

The partners at ASA advised the LifeCare Residences Group in connection with a loan facility in excess of £25 million from Cheyne Capital.