City Of London
London Flats With Pool, Cinema Show Demand for Retirement Luxury
- UK later-living property set to attract £3 billion this year
- Goldman Sachs among major investors backing the sector
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Retirement housing is turning into an up-and-coming area of British real estate, with Goldman Sachs Group Inc. and a growing cohort of investors betting on demand for luxury in later life.
The US bank is among the backers of Riverstone, a property firm that’s building ten blocks of swanky apartments for older residents in London. Goldman Sachs plans to pour £3 billion ($3.5 billion) over the next five years into the firm, which has so far completed two projects in Kensington and Fulham.