Retirement Villages Group creates €2.3b development program

Retirement Villages Group has announced a £2 billion (€2.3 billion/$2.75 billion) investment boost to drive forward its latest sites West Byfleet and Chester and over 40 more new sites across the United Kingdom.

The sites are being developed in response to rising demand from those aged over 65 for a better quality of later-life accommodation, set close to town and city centers. RVG is moving toward creating schemes that are open and integrated with local communities, allowing its customers to stay connected to the places where they live, while breathing new life into U.K. town centers for the benefit of everyone living locally.

The announcement follows two new landmark planning approvals to develop a £110 million (€127 million/$151 million) retirement community in central West Byfleet, Surrey, as well as a new £65 million (€75 million/$89 million) community in Chester.

The first site, at an empty office building at West Byfleet, Surrey, last week secur