The Denton in Berkhamsted and The Beckett in Tunbridge Wells are part of a joint venture between Elysian and Octopus Capital & Schroders Capital’s UK Retirement living Fund, which focuses on acquiring and developing high quality retirement living schemes across the UK.

The Denton development comprises 103 units and The Beckett comprises 89 units with both developments having containing gyms, libraries, bars, restaurants, communal gardens, 24-hour care provision, and private parking.

Elysian Residences is a UK-based developer and operator of retirement communities, with 11 communities in its portfolio either operational, in planning, or under development - with approximately 1,000 units and a total sales value exceeding £1bn.

•   B&C Awards 2025: The Video
•   Oaknorth participates in club loan to specialist care provider
•   OakNorth funds bespoke loan for 84-bed Lancashire care home

Deepesh Thakrar, managing director of debt finance at OakNorth, said: “Elysian is delivering exceptional retirement living schemes that cater to an underserved but rapidly growing demographic.

“Their commitment to architectural quality, lifestyle experience, and care integration makes them stand out in this sector.

“We’ve built a trusted relationship over multiple transactions, and it’s a privilege to support the refinancing of these two outstanding developments alongside such a strong equity partner in Octopus Capital & Schroders Capital.”

Gavin Stein, CEO of Elysian Residences, added: “OakNorth is a lender that genuinely understands the needs of specialist residential developers.

“The team bring speed, certainty, and flexibility, which are critical in transitional real estate. Having worked together on several previous transactions, we value the OakNorth team’s proactive approach and deep knowledge of our sector.

“Their support will allow us to maximise value from these two outstanding developments.”