UK: Untold Living has submitted plans for a 137-home seafront integrated retirement community (IRC) in Eastbourne.
Backed by Matter Real Estate, the mid-market later living developer-operator completed the acquisition of a 2.5-acre site at Sovereign Harbour in November from Birch Ltd.
Subject to planning consent, it will deliver an IRC comprising one- and two-bedroom apartments overlooking the English Channel.
Designed by architects Gaunt Francis, the development will include amenity spaces, some of which it intends to make available for use by the wider community.
Homes will be available across a range of different mid-market tenures, including to buy, for rent and purchase via shared ownership.
Russell Jewell, CEO of Untold Living, said: “The urgent need for more purpose-built later living accommodation in the UK cannot be overstated, particularly in East Sussex, where the population of over-70s is growing more quickly than the national average. Many thousands of older people are living in accommodation that is wholly unsuitable to their needs, which poses a serious risk to their mental and physical wellbeing. Our Eastbourne scheme will not only offer round-the-clock care and support to residents when needed but also relieve pressure on local health and social services by lowering the frequency of residents’ hospital and GP visits.”
The Eastbourne scheme is the latest addition to Untold Living’s portfolio alongside an existing retirement community in Westbury, Wiltshire, and sites in Crawley, West Sussex, and Newport, Shropshire.
It is targeting a GDV of £300 million for its initial development pipeline and is looking to acquire other sites and assets across the UK to expand its portfolio.
