Amazon Property announces £250m retirement sector real estate fund
London investor-developer Amazon Property has announced, via Amazon Capital – the group’s private equity division – a £250 million real estate fund to invest in joint venture opportunities in the retirement sector and other sectors including logistics, managed office solution, purpose-built student accommodation and life sciences.
Amazon Capital has committed £100 million of equity and debt/bank funding, to raise the £250 million which will be used to provide private equity funding to joint venture partners/development managers and asset managers in the retirement care sector, under Amazon Care, and will also look at investing elsewhere in the other sectors.
In the care sector Amazon Care will develop a collection of care homes of between 25,000 square feet to 70,000 square feet, providing between 25 to 150 suites, complete with luxurious lifestyle amenities operated through a private-rented-sector model with a focus on dementia care. Amazon Care is currently developing in Belgravia under the Loveday brand (its fifth central London site) and is in the process of acquiring a number of sites in Zones 2 and 3.
Over the past 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 care/retirement sector under Amazon Care.
Chris Lanitis, chief operating officer of Amazon Property and founder and chief information officer of Amazon Capital said: “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 £250 million 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.”
Date published: April 4, 2022