--John Laing Group PLC and Macquarie Group Ltd. will launch a 200 million pound ($274.8 million) joint venture to deliver hundreds of rented flats for the elderly, Sky News reports, citing unnamed sources.

--The JV will establish Brigid Investments to finance the development of McCarthy & Stone PLC's retirement living rental portfolio, Sky News reports.

--A deal was signed by the three companies recently and completion is expected by the end of June, Sky News reports.


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(END) Dow Jones Newswires

April 08, 2021 01:22 ET (05:22 GMT)

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