New retirement complex to open in Henry VIII’s former back garden
A UK provider of rented retirement homes has purchased a new site in Hampton court making it the eighth area in its portfolio across the South-East.
Birchgrove, a rented retirement homes provider, have confirmed their next stage of their expansion into the London market with the purchase of a Hampton Court scheme.
Estimated to cost around £39m, the development is set to contain 78 one-, two- and three-bedroom self-contained assisted living apartments together with extensive communal facilities including a restaurant, club room, licensed bar, wellness suite, library, and landscaped gardens.
Research commissioned by Birchgrove shows that, with planning approval, the project will deliver 107 bedrooms and help free up a further 179 bedrooms of family housing in the local area; as a result, a net increase of 72 bedrooms could be released onto the private market by using this site for assisted living, thereby helping address the local housing shortage.
‘Our new site at Hampton Court will encapsulate all the benefits of the Birchgrove offering: beautiful, purpose-built apartments, a flexible rental model, publicly accessible communal spaces and a development that frees up homes for local families,’ Honor Barratt, chief executive at Birchgrove said. ‘Imagine being able to sit on your balcony and look over the Thames into the back garden of Henry VIII – who wouldn’t want to live like that?’
Mr Barratt added: ‘With more and more retirees looking to rent, London is firmly in our sights to expand our portfolio, and having secured sites in Chiswick and Hampton Court we look forward to announcing further exciting news in the capital soon.’
As it stands Birchgrove operates three retirement communities across the South-East, with three further communities under construction and now available for rental-off plan, two further London sites acquired, and negotiations underway for a ninth location to be added to the pipeline.
Image: Birchgrove
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