Audley Group has formed a joint venture with the Royal London Pension Property Fund to deliver a new retirement village in Buckinghamshire, England.
Audley Wycliffe Park will become the 21st village in Audley Group’s portfolio, with a gross development value of £80 million (€89 million/$105 million).
The joint venture agreement marks Royal London’s first investment into the retirement living sector and covers a 25-acre site at Horsleys Green, between Stokenchurch and High Wycombe. The village will provide a total of 156 high-quality retirement living properties and luxury facilities.
“The retirement living sector has significant investment potential, one which is only set to grow as the government places more attention on fixing the broken social care model by increasing the supply of suitable housing that can provide care and well-being services and help preserve independence for as long as possible. The demand for retirement village living continues t
