[Interview] UK senior facilities likely to offer strong return: Octopus Investments
Nov 03, 2018 (Gmt+09:00)
The UK retirement property market will create investment opportunities of up to $70 billion over the next 10 years and may yield double-digit returns, as Britain needs to build more retirement housing and healthcare facilities for their older population, said a senior manager of UK-based Octopus Investments.
“The UK is far behind other mature markets like the USA or Australia in the take up of retirement community housing. Penetration rate of retirement communities in these markets is at 5% and growing for older people while the UK currently is at just 0.7%,” Kevin Beirne, director and head of Octopus Retirement Fund, told the Korean Investors in a recent written interview.