McCarthy Stone
A typical McCarthy Stone retirement development

Retirement communities developer and manager McCarthy Stone is increasing its programme of land buying across England and Wales and is looking for health and social care sites for redevelopment.

The company is seeking to acquire 60 new sites a year, including land currently occupied by residential care homes, GP surgeries and other similarly sized medical premises. 

New sites are typically brownfield land between 0.6 and six acres in a prominent position, within half a mile of shops and amenities and with a bus route nearby. The company stated it has previously brought development opportunities to fruition following ventures with care home operators and medical practitioners looking to repurpose premises or sell surplus land.

McCarthy Stone says its typical developments features private apartments or bungalows across a range of tenures, with spaces for socialising and on-site care and support services. 

John Tonkiss, chief executive McCarthy Stone, said: “In a post-pandemic world, it is absolutely vital that we continue to prioritise and empower older generations to live their lives to the full. The provision of beautifully designed and well-located retirement communities can ensure older people who purchase or rent a property at one of our award-winning developments benefit from a sense of belonging, independence, and peace of mind. 

“In order to meet what is a growing demand for specialist retirement communities among an ageing UK population, we must continue to focus on increasing choice and accessibility and creating the infrastructure older generations need and desire. We are on the hunt for sites to develop and are very keen to speak to landowners and agents in locations that will allow us to create more communities which support retirees to enjoy a better and happier future.”

Date published: July 1, 2021

Subscriber content

To get unlimited access subscribe today

Subscribe

Already a subscriber? Login