Later living business Inspired Villages has secured approval from the Reigate and Banstead Borough Council for its plan to build a £215m retirement village in Surrey, UK.
Expected to be one of the UK’s largest of its kind, the new retirement community is planned to be built on the site of Legal & General House, the former Head Office of its partner Legal & General, in Kingswood, Surrey.
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With constriction set to commence later this year, the project will create around 175 jobs during construction phase annually over its 6.5 years of build period, and up to 80 permanent jobs once completed.
The scheme involves the redevelopment of the vacant site stretching over 43 acres into a vibrant later living community, which will deliver 270 specialist age-appropriate apartments and up to 10 respite units.
Legal & General Later Living CEO Phil Bayliss said: “Legal & General continues to make terrific progress through our partnership with Inspired Villages as we set out to revolutionise the later living offer in the UK and address the chronic shortfall in supply.
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“Covid19 is already putting the care sector under extreme pressure, but by investing through and beyond the immediate crisis we believe that we can help to address the issue of future demand on the system – helping people to live in good health for longer.”
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By GlobalDataThe scheme will also feature a wellness centre, including a swimming pool, studio, gymnasium and tennis courts, dining and recreation facilities, as well as a small business centre and children’s nursery.
Kingswood Residents association chair Valerie Evans said: “This will be the most important development in Kingswood for many years; providing extensive and much-needed facilities for retirement living, which are presently lacking within our ageing community.”
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Illustration of the new retirement community in the UK. (Credit: Legal & General Group Plc)
