UK: Inspired Villages, Legal & General’s senior living arm, has acquired a 10-acre site in Hampshire to build a £100 million retirement community.
The site, in Chandlers Ford, has been acquired with outline planning permission to develop 151 new age-appropriate homes. It will be the company’s second later living community in Hampshire, joining Bramshott Place near Liphook.
Phil Bayliss, chief executive of later living at Legal & General and chairman of Inspired Villages, said: “Legal & General invests for the long-term in socially and economically useful assets, making the later living sector an exceptional match for our capital. We need to advance and accelerate the UK’s delivery of age-appropriate homes to meet our rapidly ageing population; this is not only crucial for wellbeing, but also for helping our overburdened NHS and social care services. Inspired Villages is committed to addressing the social and economic issues linked to the UK’s ageing population. The acquisition of our second site in Hampshire is yet another positive milestone for Inspired Villages and testament to its vision and commitment to the sector.”
