News
22 Nov 2021 Silbury Finance provides £40m sustainability-linked development loan for Royal Tunbridge Wells retirement village
Silbury Finance (“Silbury”), the development lender backed by Oaktree Capital Management, has provided the UK Retirement Living Fund (“ReLF” or the “Fund”),which is managed by Schroders Capital and advised by Octopus Real Estate, with a £39.3 million senior loan to fund the development of a retirement village in Royal Tunbridge Wells, Kent. Comprising 89 high quality for-sale homes, the scheme is a second project to be developed by the joint venture (“JV”) between ReLF and Elysian Residences (“Elysian”), the UK luxury retirement living specialists.