The Board of LMS Capital PLC (“LMS”), the listed invest company, is pleased to announce the acquisition of Castle View Retirement Village, Windsor (“Castle View”)
- The acquisition price is £11.9 million, of which £6.0 million is being provided by LMS equity and the remaining £5.9 million by a loan from the existing lenders to the scheme.
- Castle View is a purpose built retirement village, completed in 2018 and comprising 64 individual 1 and 2 bedroom apartments, of which 15 remain to be sold.
- As set out in our 2022 Annual Report and again at the June 2023 half year, one of our objectives, as part of our real estate investment activity, has been to deploy capital in the retirement living sector which we believe offers the prospect of strong growth in the coming years.
The investment in Castle View provides a foundation for our activity in the sector.