London property developer announces £250m investment fund for retirement sector

A London property developer has announced a £250m real estate fund to invest in the retirement sector.

Amazon Property, has committed, via Amazon Capital (the group’s private equity division), a £250m fund to invest in joint venture opportunities in the retirement sector and other sectors including logistics, managed office solution, PBSA and Life Sciences.

Over the last two years Amazon Property has focused on joint venture investments and trading assets and is now set for further expansion with a new wave of private equity funding and entry into the rapidly expanding care/retirement sector under Amazon Care.

Amazon Care will be developing a collection of care homes of between 25,000 sq ft to 70,000 sq ft in size, providing between 25 to 150 suites, operated through a private-rented-sector model with a focus on dementia care.

Chris Lanitis, founder and CIO of Amazon Capital says: “Amazon Capital is a bespoke private equity operator who understands the real estate market and as a JV partner we offer long-term support, flexibility, innovation together with streamlined and fast decision making.

“We have committed £250m of fresh funding and are seeking new joint venture opportunities across London and the UK.

“We are able to make fast investment decisions, as opposed to prolonged board committees, and are committed to forming equity platforms and repeat deal flow in line with our partners’ long term business endeavours.”

Amazon Property built its brand reputation through delivering 80 mixed use developments such as The Hempel Collection with British Land, The Park Crescent and The Soho Works Estate and acquiring over 3 million square feet of development and investment assets.