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.”
