Octopus Group announced the merger of its two business, Octopus Property and Octopus Healthcare.The combined business will be known as Octopus Real Estate.
Octopus Real Estate will have more than £2 billion of funds under management, supported by a team of more than 110 people.
Octopus Real Estate will be led by Benjamin Davis, the current CEO of Octopus Healthcare. It’s his job to make the most of the combined expertise to support the new business’s expansion plans across the real estate market.
As Benjamin explains: “All of the sectors of the real estate market we currently operate in have significant growth potential. Creating a more diversified real estate business will give us a structure that allows us to match our ambitions with added size and scale – leaving us best-placed to make the most of these opportunities. This approach also sets us up well for when we gain entry into new specialist sectors of the UK property market.
“We want to be able to offer innovative new financing solutions designed to meet the challenges of modern accommodation needs. At the same time, we believe in creating attractive investment opportunities for our investors. You can expect to hear a lot more about Octopus Real Estate in the future.”
Source: Octopus Property