OFA Group enters LOI with Next Investments to establish joint venture

OFA Group (OFAL) announces that it has entered into a binding Letter of Intent with Next Investments to establish a joint venture for the development of a state-of-the-art senior care facility. The joint venture is subject to the negotiation and execution of definitive agreements. Pursuant to the Letter of Intent, OFA will provide both the capital investment and architectural services required for the development of the project, leveraging the expertise of its OFA Finance and OFA Architecture divisions. Next will contribute the property on which the facility will be constructed and assume full management responsibilities once the development is completed. The joint venture will unite OFA’s capital deployment and architectural expertise with Next’s property base and operational leadership, establishing a purpose-built platform in senior care. By aligning capabilities in development and management, OFA believes the partnership is positioned to capture long-term demand in a growing demographic sector while generating durable, recurring value.