Places for People has made a move into the retirement business by buying up a portfolio of 271 properties in the sector.
The 66,000-home association bought the properties this week for £18.35 million from Grainger, the UK’s largest listed private landlord. It has also today formed a partnership with a retirement property rental management company called Girlings.
Girlings lets and manages 2,500 properties in more than 500 retirement developments across the UK. The company will manage the properties in the south and south east on behalf of Places for People.