Octopus Real Estate has entered into a ‘long-term partnership’ with operator Anavo to fund the development of care homes for older people.

The real estate investor has this week announced it is forward funding a 66-bed care home in Lancing, West Sussex, due to open in early 2024. Octopus will provide £15m of funding for the scheme, which will be developed and then operated by Anavo under a lease arrangement.