UK: Later living developer and operator Rangeford Villages has exchanged contracts on a five-acre site in Dorking, Surrey.
Subject to planning, it will develop 153 one-, two- and three-bedroom apartments, at a scheme which which will feature amenities including a gym, exercise studio and spa that includes a swimming pool, sauna and steam room, as well as a restaurant, bar, coffee shop and hair and beauty salon.
Expected to have a gross development value of omore than £100 million on completion, construction is set to commence in mid-2024, subject to the receipt of planning permission.
Howard Nankivell, CEO of Rangeford Villages, said: “Our portfolio expansion reflects the growing demand for quality retirement properties in the UK as we work diligently to deliver homes of the highest standard for the over-60s. Our current pipeline is a testament to Rangeford’s commitment to address the chronic shortfall of senior housing nationally. We have set our sights on continuing to provide positive, future-proof later-living solutions to support the independent living of our ageing population. We look forward to seeing the completed scheme in due course and to introducing Rangeford’s highly coveted lifestyle-focused living to the over-60 community in Dorking.”
Land and planning directorDoug Jones, added: “We are delighted to have successfully secured this high-quality site and we look forward to working with Life3A architects, Montague Evans and the wider consultant team towards submitting our planning application for a fully-inclusive integrated retirement community which adds to our existing portfolio of five villages. We would like to extend our thanks to Rangeford’s land team and our partners for making this possible!”
As with previous developments, Rangeford Villages has teamed up with Octopus Real Estate, part of the Octopus Group and an investor in healthcare facilities throughout the UK and Ireland, for the project. Once completed, it will be operated by Rangeford.
