Location: UK, multiple locations
Asset Sub Class: Mixed use
Strategy: Joint Venture – private equity

Mansford joint ventured with the founder of New Zealand’s principal quoted retirement village operator to facilitate entry into the UK market, creating Renaissance LifeCare Plc. Renaissance’s business model was highly evolved in the US, Australia, New Zealand, Canada and South Africa but almost non-existent in the UK and Europe. The business has four principal components: high quality residential accommodation, health care, support services and recreational amenities. The primary revenue driver is a membership fee on the accommodation, when a resident leaves or dies the firm is entitled to a percentage of the sales value, creating a valuable perpetual revenue stream.