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Nottingham apartments scheme sold to specialist retirement living developer
Commercial developer, Peveril Securities and senior living developer, Charterpoint have sold a site in Beeston, Nottingham, to specialist retirement living developer Churchill Retirement Living.
Earlier this year, the site received full planning permission for a development of 51 retirement living apartments from Broxtowe Borough Council.
Situated on a mixed-use site, on land previously occupied by the former Myford Works, the scheme off Chilwell Road will feature one and two-bed apartments, plus communal owners’ lounge and coffee bar, along with a guest suite and a lodge manager.
The apartments are part of a wider development on the site which also includes Myford Court, a new development of penthouses and apartments by Peveril Homes, a Central England Co-op store, which opened in May 2020, and a 66-bed care home to be operated by Tanglewood Care Services.
This scheme will mark the completion of the 4.5-acre brownfield regeneration site.
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 said: “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.”
Churchill’s Regional Managing Director Robert Monkman added: “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.”
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New ‘Green Heart’ to take shape in 2023 following year of progress for Nottingham’s Broad Marsh
- Work starting on the fit-out of a state-of-the-art new Central Library
- The opening of the new Bus Station
- The creation of new public space and public art around Sussex Street and Carrington Street
- Progress on a detailed business case for the wider redevelopment of Broad Marsh
- Submission of a bid to the Government’s Levelling Up Fund for developing the Frame as a key element of the Broad Marsh vision
- Submission of an Investment Zone ‘expression of interest’ application.
- The new Central Library is expected to be completed and ready to open later in 2023.
- A unique new Skateable Space is being created as part of the public realm works on Sussex Street, underlining Nottingham’s reputation as one of the UK’s leading cities for skateboarding.
- A major new study into rejuvenating the unique cave network underneath Broad Marsh is to be published by the University of Nottingham.
- Further work on the wider Master Plan and detailed business case for the Broad Marsh redevelopment.
- ‘Meanwhile use’ opportunities will be progressed while the long term development plans are being finalised.