Retirement Villages Group Ltd is a British residential

property developer Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others. R ...

. Residents must be aged 55 or over to live in its developments, which are known as "villages". It was acquired by Axa for about £100 million in October 2017.

History

The company was founded in 1981 and the first development to be built was Elmbridge Village in Surrey. Princess Alexandra officially opened Roseland Parc, a new

retirement village A retirement community is a residential community or housing complex designed for older adults who are generally able to care for themselves; however, assistance from home care agencies is allowed in some communities, and activities and socializ ...

in Cornwall, in 2008.

Developments

The company’s head office is in

Leatherhead Leatherhead is a town in the Mole Valley District of Surrey, England, about south of Central London. The settlement grew up beside a ford on the River Mole, from which its name is thought to derive. During the late Anglo-Saxon period, Leathe ...

, Surrey and its developments are located in Cornwall, Devon, Essex, Hertfordshire, Lincolnshire, Oxfordshire, Somerset, Surrey, Wiltshire, West Sussex and Warwickshire. It owns 14 villages across Britain with 1,609 residents. Eight contain on-site care homes with a total of about 300 residents. In 2014/5 the firm had sales of £35 million and paid its six directors a total of £498,000. In November 2016 it announced its intention to open seven more villages with a gross value of £200 million by 2021. The proposed locations would include

Lower Shiplake Shiplake consists of three settlements: Shiplake, Shiplake Cross and Lower Shiplake. Together these villages form a civil parish situated beside the River Thames south of Henley-on-Thames, Oxfordshire, England. The river forms the parish boun ...

in Oxfordshire,

Saffron Walden Saffron Walden is a market town in the Uttlesford district of Essex, England, north of Bishop's Stortford, south of Cambridge and north of London. It retains a rural appearance and some buildings of the medieval period. The population was 15, ...

in Essex, South Chailey in East Sussex,

Merstham Merstham is a town in the borough of Reigate and Banstead in Surrey, England. It lies 25 miles south of Charing Cross and 2 miles south of the Greater London border. Part of the North Downs Way runs along the northern boundary of the town. Mers ...

in Surrey and

West Malling West Malling ( , historically Town Malling) is a market town in the Tonbridge and Malling district of Kent, England. It has a population of 2,590. Landmarks West Malling contains several historic buildings, including St Leonard's Tower, a Nor ...

in Kent.

Operations

* Independent living : This is a scheme where residents live in private housing without direct care provision. However, services can be purchased and 24-hour emergency cover is in place. * Assisted living : Residents live in separate properties within the grounds of an existing

care home A nursing home is a facility for the residential care of elderly or disabled people. Nursing homes may also be referred to as skilled nursing facility (SNF) or long-term care facilities. Often, these terms have slightly different meanings to i ...

and services including care can be provided as required. * Residential care : Some developments provide residential care for people who cannot continue living in their own home, even with home care services. * Respite care : Some developments provide

respite care __NOTOC__ Respite care is planned or emergency temporary care provided to caregivers of a child or adult. Respite programs provide planned short-term and time-limited breaks for families and other unpaid caregivers of children with a developmenta ...

, which gives temporary relief for primary carers.

References

External links

Official site
{{Real estate in the United Kingdom Housebuilding companies of the United Kingdom Housing for the elderly in the United Kingdom Companies based in Surrey