Churchill Retirement Living has purchased an apartment scheme in Beeston, Nottingham from Peveril Securities and Charterpoint.
The purchase follows the decision of Broxtowe Borough Council to grant full planning permission for a development of 51 retirement living apartments on the 4.5-acre brownfield site. When completed, the scheme will feature one and two-bed apartments, a lounge, coffee bar, and guest suite.
Churchill’s regional MD Robert Monkman said: “We’re looking forward to starting work on this new development, which will create a vibrant new community in the heart of Beeston. Retirement housing is the most effective form of residential development for generating local economic growth, supporting local jobs, and increasing high street spend. Our new apartments will also help improve the health and wellbeing of those who live there and meet the housing needs of many older people in Beeston and the surrounding area. We are actively looking for more new sites like this to bring much needed retirement housing to the wider Midlands region.”
James Smith of Peveril Securities said: “Once complete, this superb scheme will create a modern community in a prime location just a few hundred metres from Beeston town centre. Residents will also have excellent transport links and access to an abundance of amenities, as the site is close to a tram stop.”
Charterpoint CEO Adrian Goose added: “We are delighted to have sold this site to Churchill Retirement Living who will now take it forward to create a high quality new independent and activity retirement development close to shops, transport links, leisure facilities and other amenities. This is the final part of a visionary place-making scheme that has breathed new life into the area, and we are very pleased to have created such an attractive and popular mixed-use scheme so close to Beeston town centre.”
