• Home
  • News
  • Features
  • Magazine
    • Current Issue
    • Digital Archive
    • Advertise
      • About Us
      • 2022 Media Pack
      • Features
  • Newsletter
  • Subscribe
  • Contact Us

PSBNews

Banner
  • Home
  • News
  • Features
  • Magazine
    • Current Issue
    • Digital Archive
    • Advertise
      • About Us
      • 2022 Media Pack
      • Features
  • Newsletter
  • Subscribe
  • Contact Us

Legal & General acquires second site in Hampshire for £100M retirement community

by Francesca September 21, 2020September 21, 2020
written by Francesca September 21, 2020September 21, 2020
Legal & General acquires second site in Hampshire for £100M retirement community

Inspired Villages, Legal & General’s later living business, announces that it has expanded its presence in Hampshire through the acquisition of a 10-acre site in Chandlers Ford, for the delivery of a new retirement community. The site has been acquired with outline planning permission to develop 151 new specialist age-appropriate homes, meeting strong local demand.

The new Chandlers Ford site will deliver high quality facilities, including a wellness centre (comprising a fitness studio, gym and swimming pool), which will be available to local qualifying residents on a membership basis. Works are expected to commence on site early next year, creating 110 construction jobs per annum over a four year period, and 35+ permanent jobs once complete – further boosting the local economy and regional growth; playing an important role in a post-crisis economic bounce back.

Chandlers Ford will mark Inspired Villages second later living community in Hampshire, joining Bramshott Place near Liphook. The decision to acquire another site in Hampshire was a response to the vast disparity between supply and demand in the area for specialist housing. In 2017 it was estimated that there were over 41,000 over 65s in Hampshire, which is expected to rise to 91,600 by 2035 – an increase of over 200%. The scheme will not only help to meet this local demand, but also create significant benefits for Hampshire’s health and social care system, which has never been more important in light of the strain on health and social care services caused by Covid-19.

With strong backing from Legal & General, Inspired Villages provides safe, secure, and vibrant later living communities that address the holistic wellbeing needs of over 65s. A report by the House Builders Federation found that each person living in age specialist accommodation enjoys a reduced risk of health challenges, contributing to fiscal savings to the NHS and social care of £3,500 per year [1].

Applying this research, Inspired Villages currently contributes to over £2.5 million fiscal savings; with a target of 12,750 residents in the next five to ten years, Inspired Villages could make government savings of over £44.6 million. Given that the typical Inspired Villages resident moves from within a 20-mile radius of the village they choose, the local Hampshire health and social care system will directly benefit from the new site in Chandlers Ford.

Neal Dale, Development Director at Inspired Villages, said:

“Acquiring a second site in Hampshire with outline planning permission highlights Inspired’s ambitions and outstanding momentum, while also emphasising the growing demand for specialist age-appropriate housing in the local area. I am proud of, and look forward to seeing, the vast and significant socio-economic benefits that will come as a result of our upcoming Chandlers Ford community. There is a need to provide a greater support to our older people within society; Covid has shown us that ensuring the health and wellbeing of our older people, whilst supporting our NHS and social care services, is paramount.”

Phil Bayliss, CEO of Later Living at Legal & General and Chairman of Inspired Villages, commented:

“Legal & General invests for the long-term in socially and economically useful assets, making the later living sector an exceptional match for our capital. We need to advance and accelerate the UK’s delivery of age-appropriate homes to meet our rapidly ageing population; this is not only crucial for wellbeing, but also for helping our overburdened NHS and social care services.

“Inspired Villages is committed to addressing the social and economic issues linked to the UK’s ageing population. The acquisition of our second site in Hampshire is yet another positive milestone for Inspired Villages and testament to its vision and commitment to the sector.”

0 comment
0
FacebookTwitterGoogle +Pinterest
Francesca

previous post
Clegg completes high quality facility for Care UK
next post
Construction of new £4.85m Withernsea school building begins

Related Articles

Kier to deliver onshore converter station for offshore...

February 4, 2022

Housebuilder helps plant thousands of trees and shrubs...

November 24, 2021

Amey and MOJ deliver new digital court facility...

September 23, 2021

The importance of engaging with the wider market...

June 23, 2021

Bedford Borough parks receive international accolades

September 7, 2020

Land & Water Group collaborates to preserve the...

September 14, 2020

Land & Water celebrates a successful first half...

July 23, 2020

Bedford Borough parks retain Green Flag Award 2020

October 15, 2020

The making of modern housing in South Wales

December 19, 2019

Museum appeals for memories of local high streets

February 17, 2020

Latest Issue

Search our website

Twitter Feed

Tweets by @PSBN_Social


 

Popular Posts

  • 1

    500 Cornish-type housing association homes get high-performance insulation in Herefordshire

    February 5, 2019
  • 2

    Braeburn Estates hands over innovative social housing scheme to Homes for Lambeth – with “game changing” new development model

    January 21, 2019
  • 3

    The 2019 Surface Design Show focus: Workplace and Public Realm

    December 2, 2018
  • 4

    Skanska completes Royal Papworth Hospital construction

    April 30, 2019
  • 5

    Understanding the current state of the student accommodation market

    April 15, 2019

Categories

  • Case Studies
  • Education
  • Features
  • Hospitals + Healthcare
  • Housing
  • Infrastructure
  • Latest News
  • News
  • Products
  • Project News
  • Uncategorized
  • Videos

Recent Posts

  • Uncertainty hampering growth, says construction industry

    August 4, 2022
  • Willmott Dixon to deliver latest GT3- designed passivhaus leisure project for Spelthorne Borough Council

    August 4, 2022
  • New proposals submitted for Leeds’ Yorkshire post site

    August 4, 2022
  • Kier launches a construction first to help tackle social deprivation

    July 22, 2022
  • K Systems wins prestigious tall buildings award

    July 22, 2022

About Public Sector Building News

 

Public Sector Building News is a monthly leading trade publication that is valued within the industry.

The magazine works as an effective marketing tool for our clients, being seen by key decision makers leads to valued work within the lucrative public sector building industry.

Every issue of Public Sector Building News provides an update of news, current and upcoming projects, industry comment, interviews, articles, features and product information – covering all areas of importance to our readers.

Other Publications

Architect Projects
Construction UK Magazine
Luxury Hospitality Magazine
Luxury Interiors Magazine
Refurb Renovation News
Restaurant Industry Magazine

Editor’s Picks

  • Uncertainty hampering growth, says construction industry

    August 4, 2022
  • Willmott Dixon to deliver latest GT3- designed passivhaus leisure project for Spelthorne Borough Council

    August 4, 2022
  • New proposals submitted for Leeds’ Yorkshire post site

    August 4, 2022

Published by Lapthorn Media LTD

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are as essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are as essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.

Necessary Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.