Later living provider Inspired Villages has acquired a 27-acre site in Edenbridge, Kent.
The deal is part of a joint venture with NatWest Pension Group Fund and Legal & General.The site has planning permission for 184,000 square feet of accommodation including a 100-unit Integrated Retirement Community.
Inspired will now seek to amend current permission to include additional facilities such as a restaurant and wellness suite.
The site is a former golf course situated just outside Edenbridge, and is a 15-minute walk from the town centre. Commenting on the acquisition Neal Dale, Chief Development & Property Officer for Inspired Villages said: "We welcome the addition of Edenbridge to our portfolio of sites and are excited by its potential in a popular and thriving location for us.
"We are keen to start progressing plans for the village here whilst raising awareness and gaining support from the local community. The provision of this type of age-appropriate accommodation is of wider benefit as it naturally frees up housing stock throughout every element of the property ladder.
"The sense of holistic wellbeing and community we seek to create within our villages also proves beneficial to the surrounding areas where we are currently operating. Our Inspired Friendships programme is already well-established in Kent and seeks to reduce loneliness and isolation of those not just living with a village, but the wider community also.
"Edenbridge is part of our wider business vision to open 34 sites as we embark on a mission to become the leading retirement community operator in the UK, with communities that are flourishing and residents living the best years of their lives."
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