Best retirement village design for Global Awards shortlisted
LONDON: The shortlist for the best seniors housing design has been declared.
Over 250 designs have been considered by the awards secretariat. One of the finalists in this category is shown above.
Rented retirement homes provider Birchgrove has recently confirmed the next stage of its expansion into the London market with the purchase of a Hampton Court scheme.
The £39m deal to acquire the site has been completed with developer Octagon Developments, who will deliver the Build to Rent retirement apartments on a turnkey basis by 2025.
Located in the sought after new 0.65 hectare (1.59 acre) Hampton Court Estate, the development will contain 78 one-, two- and three-bedroom self-contained assisted living apartments and together with extensive communal facilities including a restaurant, club room, licensed bar, wellness suite, library and landscaped gardens.
The scheme is Birchgrove’s eighth development with their equity partners Bridges Fund Management and follows the successful exit of its first two neighbourhoods to M&G last year.
The debt is provided by Beaufort Capital and is their fourth deal with Birchgrove.
Hampton Court’s GDV is forecast to increase to £68m once all units are fully let.
The Global Award winner will be announced in November in London. (Globals)
