Caddick and HicaLife sign-up to build retirement villages


Posted on January 1st, by editor in Caring Times. No Comments

Three major companies in the fields of care, construction and finance have joined forces to form a new venture to develop retirement communities for the over 55s throughout the UK. HicaLife Retirement Developments Ltd (part of the Hica Group), Caddick Senior Living Ltd (part of the Caddick Group) and Bank of Scotland Corporate have put together a £60 million development fund for the construction and operation of retirement villages which are designed to cater for older retired people. The first village is currently under construction in the market town of Hedon in East Yorkshire and it is understood that a number of other sites are being negotiated. HicaLife director Irene Heffernan said each village would offer a range of properties for sale or rent in a secure environment, which will be built around a village centre, providing a restaurant, gym, bowling green, tennis court, hair and beauty salon as well as IT and craft rooms. “As part of the concept, extracare facilities will be developed which will enable





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