Galliard Homes, one of London’s largest developers, Probitas Developments, a specialist in retirement living, and O’Shea, a leading developer and contractor, have entered into a partnership and unveiled plans for a new six acre retirement village providing 65 new homes in Lower Shiplake, with the partners planning to developer further retirement villages in sought after locations in outer London and Southern England.
Located off the A4155 Henley-on-Thames to Reading road, just two miles from Henley-on-Thames, the new £40 million (GDV) development in Lower Shiplake is designed by architectural practice Nick Baker Architects and will deliver a high quality assisted living retirement community of 65 new homes comprised of one and two bedroom apartments, cottages and penthouse style homes all with either balconies, terraces or private gardens, set in landscaped communal gardens and grounds.
As well as delivering a class-leading residential offering, the new retirement village will include a village club house containing a bistro, bar, gym/fitness suite and care services for residents.
O’Shea are both a joint venture partner and a delivery partner on the Lower Shiplake project and will be the main contractor for the new retirement village with construction works set to commence later this year with the first properties being available to purchase in 2022.
Alongside the Lower Shiplake development Galliard Homes, Probitas Developments and O’Shea plan to develop further retirement villages, each providing up to 150 new homes, lifestyle facilities and care services, located in sought after addresses across Southern England including potentially Tunbridge Wells, Bournemouth, York, Worthing and Brighton. As a broad guide, the new homes will typically be priced from around £400,000 up to circa £900,000.
Stephen Conway, Executive Chairman of Galliard Homes says: “Galliard is delighted to have partnered with Probitas Developments, a retirement specialist, and O’Shea, a leading developer and contractor, in order to expand into the later living marketplace. Our partnership aims to help solve the significant undersupply of purpose-built premium retirement accommodation in the UK, with just 1% of the UK’s population living in designated retirement villages, compared to 17% of Americans and 13% of Australians. By 2050 the UK retirement population is set to double and there needs to be new custom-designed housing with services to meet this demand.”
Scott Curran, Director at Probitas Developments says: “Probitas Developments is delighted to be working with Galliard Homes who bring a wealth of residential experience to this rapidly expanding property sector. Together with our delivery partner, O’Shea, we aim to bring a fresh approach to one of the fastest growing property sectors in the UK. Retirement living is about providing the best property environment and services to people in later life, and core to our joint business values, is that we believe that if this is potentially someone’s last property purchase, then it should be their best. ”
Beatrix Lehnert, Director at Probitas Developments adds: “There is a lack of high-quality accommodation and services for the over 65’s on the market, our aim is to deliver best in class homes, services and operations. It is important to us that the customer always comes first, creating ‘healthy homes’ for residents to continue to enjoy their lifestyle in high-quality, thoughtfully designed, accommodation with attention to detail, living in a like-minded community with access to communal facilities and tailored support where needed.”