Octopus Group has announced the merger of two businesses to maximise its growth potential in the UK property market.
Octopus Healthcare is being merged with Octopus Property to form Octopus Real Estate with £2bn funds under its management.
Benjamin Davis, current CEO of Octopus Healthcare, who will become CEO of the new business, (pictured) said: “Consolidating our investment and development expertise into Octopus Real Estate puts us in an even stronger position as we continue our expansion in the real estate sector. I am delighted and excited to be given the opportunity to lead such a great group of people. I look forward to delivering on our commitments to our existing customers and investors, developing and investing in new properties and healthcare facilities across the UK to provide people with the homes they need.”
Octopus Property, the award winning, leading specialist UK property lender focussed on the residential, commercial and development sectors, has provided more than £3.6bn of financing since it was established in 2009.
Octopus Healthcare is a leading UK healthcare property investor, developer and manager of care homes and retirement communities with almost £1bn of funds under management. The combined business, Octopus Real Estate, will be supported by a team of more than 110 people.