UK: L&G’s retirement living provider Guild Living has announced a £130 million scheme in Uxbridge, west London.
The scheme, which will be developed and operated by Guild Living, will be built on the site of a retail warehouse currently occupied by Halford and Wilkes in Uxbridge town centre. The scheme will create apartments for over-65s and offer intergenerational facilities for the local community.
Eugene Marchese, co-founder and director at Guild Living, said: “There is a clear and growing need for age-appropriate housing both in London and across the UK. Our ambition is to create communities that are safe and secure so local people can live and maintain their local links while protecting their independence. We want to de-stigmatise this market by providing a different kind of product that uses academic research to tailor its wellbeing and care offering. Uxbridge is a thriving town and an amazing local community, and we are excited to work with the council and the community to bring forward proposals that add to the local area.”
Phil Bayliss, chief executive of later living at Legal & General, said: “Having acquired four sites in less than a year, the growth trajectory of the Guild Living business is phenomenal. This latest scheme in London is a perfect example. London is often seen as a young city, but actually has the fastest-growing over-50s population. We have to be prepared to meet these changing dynamics.”
