Property Week News, analysis, insight and events for UK property professionals
Enterprise Retirement Living appoints new CEO
James Cobb will succeed Martin Greasley, who is stepping down after 10 years in the role.
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Later living
City & Country acquires 47.5-acre Surrey resi development site from L&G
The developer will submit a planning application this autumn for 166 homes and 116 retirement properties on the site.
MSV Housing submits plans for £60m Manchester resi scheme
Council-backed scheme includes 212 social rent, rent-to-buy and later living homes.
Broadwood bags £31m loan to deliver 250 new care home beds
The facility from OakNorth will allow Broadwood Later Living Sustainable Construction Finance Fund to deliver three purpose-built care homes.
Target Healthcare net asset value grows as asset management strategy pays dividends
The care home investor reported a 0.9% Q2 like-for-like valuation uplift, driven by asset management initiatives and a shortage of modern properties in the sector.
TT Group gets go-ahead for Hammersmith hospital-to-resi project
The firm will will develop 140 homes and a care home at Ravenscourt Park Hospital, which has been vacant since it closed in 2006.
Oakland Care bags £13.4m Octopus loan to build Hampshire home
The financing is Octopus Capital's debut deal with Oakland Care.
Later living needs diverse outlook
The sector is recognising the need to cater to specific communities in terms of ethnicity, religion and sexuality.
Audley and Elysian join to form UK’s largest retirement village provider
The merged group has a £3bn-plus combined sales value and more than 30 villages under operation and in the pipeline.
Riverstone secures £186m refinancing for Kensington residence
Alternative lender Arini provided the finance for the recently opened luxury later living scheme.