Tag: Assisted Living
Under supply of retirement living accommodation in the mid to upper market tiers and increase in life expectancy is driving strong re-sale and price growth in the retirement living market, according to real estate investment advisors JLL.
Analysis was undertaken by the firm into the performance of properties in the housing with care market, managed by members of the Associated Retirement Community Operators (ARCO) over the past 22 years. This form of housing comprises self-contained units with communal facilities and on-site care. It is the fastest growing form of housing in the retirement living sector.
The key finding is that this form of retirement living accommodation tends to follow UK house price growth. Since 1995 the compound growth rate for housing with care has been 6.0%, with an average price difference between sales of just over £41,000. JLL predicts that based on … Read More »
Caring Times, March 2017
Universities Superannuation Scheme Ltd and Morgan Sindall Investments Limited have launched a new joint venture – the ‘Supported Housing Investment Limited Partnership’ (SHIP).
The landmark transaction brings together USS, one of the largest pension schemes and real estate investors in the UK, with MSIL’s market-leading expertise in social infrastructure development and investment.
At launch, the partners will commit £100m to SHIP, with USS providing 95% of the capital and MSIL retaining a 5% stake – and acting as asset, property and portfolio manager. As the asset class matures, and provided that the market continues to offer suitable opportunities, the JV partners intend to increase the SHIP portfolio value to £200m. Initially, SHIP will deliver over 500 new purpose-built supported independent living apartments across the UK.
The housing will cater for vulnerable people with physical and learning disabilities, enabling them to … Read More »
Mechanical and electrical contractor LJJ has been awarded a £3.5m building services contract as part of the £16m development of a 96-bed luxury care and assisted
living scheme by Signature Senior Lifestyle in Sunninghill, Berkshire.
Designed by PRP Architects with interiors by Leisure Concepts, the scheme continues LJJ’s relationship with Signature Senior Lifestyle, following three previous projects completed in Brentwood, Marlow and Kingston Upon Thames. Sunninghill is the first project that the building services specialist will deliver for main contractor, Wates Construction. The whole scheme, due for completion in May 2017, is being delivered by LJJ’s Southern office based in High Wycombe.
The luxury new build senior lifestyle and assisted living complex comprises a mix of en-suite one bedroomed apartments and en-suite studio apartments all with kitchenette. Specialist dementia care en-suite bedrooms are provided on the third floor. Facilities will include a cinema, … Read More »
Caring Times, April 2013
The retirement community model of housing and care received a boost this week, with the launch of a new trade association for the sector. The launch of the Associated Retirement Community Operators (ARCO) at the House of Lords saw retirement community operators, residents and staff meeting with MPs, Peers and industry leaders.
At the meeting the group discussed how retirement communities can provide a credible solution to the pressing challenge of how we meet the lifestyle, health and care needs of older people.
ARCO has been established to promote confidence in the sector; increase the volume and quality of expertise within the sector; and to raise awareness of the retirement community model amongst policy makers, older people and stakeholders alike. ARCO strives to drive up standards of housing and care provision in the retirement community sector, … Read More »
Melinda Phillips, the long serving Chief Executive of Housing 21, one of Britain’s leading social enterprises specialising in housing, care and health for older people has retired.
Phillips will be succeeded by Pushpa Raguvaran, the current Deputy Chief Executive who has been with the company for 14 years.
Phillips said: ‘It has been a great privilege to lead such a fantastic and inspiring organisation as Housing 21 over the past 15 years. I am proud of the many changes and developments that have occurred during my tenure and believe that the company is well-positioned for its new phase of growth.’
David Grayson, Chairman of the Board of Directors of Housing 21, added: ‘In Puspha we have a very worthy successor. She has shown much skill and insight in her role with responsibility for our finances and our commercial development.’
The foundations have been laid for Sanctuary Group’s state-of-the-art extra care housing development in Babbacombe, Torquay.
Working in partnership with Torbay Council and Torbay Care Trust, Sanctuary is building a 45-apartment complex on the site of the former Dunboyne Care Home in St Marychurch Road, which closed in 2007.
Sanctuary’s extra care centres provide an alternative to conventional care homes, where residents have their own apartments in an established community and, as their care needs increase so too will the level of support provided. Residents will retain their independence but have the peace of mind that comes with knowing care and support is always on hand.
The three-to-five storey complex will include a communal lounge, multi-function room, hairdressing salon, rooms for assisted bathing, laundry facilities, a caf�, restaurant and bistro, a gym as well as large gardens and mobile scooter parking. There will … Read More »
Altrincham-based architecture practice Pozzoni has received planning permission for a new build extracare residential scheme in Dukinfield.
The approved development in Ravensfield by New Charter Housing Trust Group, will replace an existing four-storey bed sit development with a contemporary 31 extra care apartment scheme with communal spaces and landscaped gardens. Work is due to start on site in March 2010.
Pozzoni architects, who work internationally on designing accommodation for older people, have designed a building that complements the existing surroundings and also caters for the changing needs of the proposed residents. The design creates a safe and secure environment where individuals and the wider community can enjoy communal facilities. Residents will benefit from the privacy of their own flat entrance whilst having the security of 24-hour staff support.
The development has been designed on a site with considerable level changes and will … Read More »
Aspire Housing is celebrating after its retirement village in Staffordshire scooped two national awards at the UK Over 50’s Housing Awards.
Mill Rise, in Newcastle-under-Lyme, has been crowned the ‘UK’s most outstanding Extra Care scheme in 2009’. Scheme Manager Diana Wilson was also awarded the prize for ‘Extra Care General Manager of the Year 2009’, at the ceremony in London.
Mill Rise, which opened this summer, is one of the first schemes outside London to combine extra care housing for the over 55s with a state-of-the-art primary care centre.
It comprises 60 one- and two-bedroom extracare apartments for rent and shared ownership and incorporates three GP practices, a pharmacy, restaurant, caf�, bar, and hair salon, in a secure village environment.
Sinead Butters, Chief Executive of the Aspire Group said: ‘Mill Rise was a complex, challenging development and I would like to thank everyone who … Read More »
Richmond Villages is near to completing its fifth retirement village â€“ in Letcombe Regis, just south of Wantage, Oxfordshire. The buildings are finished in a traditional dark brick and flint style, which can be purchased by the over-55s. Village apartments which average 1,000 sq ft feature a kitchen, substantial living room and one or two bedrooms. Most have ensuite bathrooms.
Hotel style serviced apartments are available for those requiring a bit more assistance.â At the heart of the retirement village will be a 30-bed nursing
Richmond Villages, which develops and operates retirement villages in the UK, has reported buoyant sales despite the downturn in the property market. While there is some hesitancy among buyers considering whether or not to move home, baby boomers – notionally born between 1946 and 1964 – are purchasing property in the company’s villages off-plan, and buying into a complete package where quality of life, care and fun are all equally important.
Keith Cockell, founder of Richmond Villages, said that at the company’s latest developm