Legal & General’s later living business Inspired Villages has acquired a 10-acre site for £100 million in Chandlers Ford, Hampshire for the delivery of a new retirement community.
The site has been acquired with outline planning permission to develop 151 new specialist age-appropriate homes, meeting strong local demand, said the company.
Construction works are expected to start on site early next year and to create 110 construction jobs per annum over a four year period, and 35+ permanent jobs once complete.
Chandlers Ford will mark Inspired Villages second later living community in Hampshire, joining Bramshott Place near Liphook.
”Acquiring a second site in Hampshire with outline planning permission highlights Inspired’s ambitions and outstanding momentum, while also emphasising the growing demand for specialist age-appropriate housing in the local area. I am proud of, and look forward to seeing, the vast and significant socio-economic benefits that will come as a result of our upcoming Chandlers Ford community. There is a need to provide a greater support to our older people within society; Covid has shown us that ensuring the health and wellbeing of our older people, whilst supporting our NHS and social care services, is paramount,” said Neal Dale, Development Director at Inspired Villages.