An announcement has been made by both Apache Capital Partners, the London and Gulf-based private real estate investment management firm and the Audley Group, the leading UK provider in luxury retirement villages. The companies have formed a joint venture that will see the delivery on a 13,750 sq. m. luxury retirement village. This development will be created on Nightingale Lane, looking out onto Clapham Common in London.
The scheme will be constructed on the site of a former police station and has already had planning permission secured by Apache Capital. The gross development value of this development is estimated at around £125 million. The luxury retirement village will be located in the centre on London and will offer a range of excellent transport links with a wide range of shops and amenities nearby.
When the development is completed, the retirement village will offer Audley’s luxury housing solution to a new audience in London who will be able to buy amazing quality apartments that have been designed to the highest possible specification with the option of combining with flexible care as and when needed. The care available at the proposed development can be tailored to individual requirements and will range from simple help with shopping and cleaning to 24/7 support. The care available will be delivered by Audley Care, the CQC regulated care provider.
The two companies have sought a number of minor internal alterations to the planning permission, with the main change being a reduction in the number of originally proposed units. Quad Architects will be supporting this joint venture, which will shortly submit an application to deliver the premium retirement village with 94 apartments of between one and three beds. All of the properties will have either balconies or terraces and there will be 18 basement parking spaces as well as landscaped gardens at ground and roof level for the guests to enjoy.