Inspired Villages Purchases Retirement Community Site
On behalf of Legal & General’s later living business, Inspired Villages, Matthews & Goodman’s investment team has brokered the purchase of Little Mount Farm Nr Tunbridge Wells, which is set to become a £100m retirement village.
Located in the Wealden District in East Sussex, the 9.5-acre site benefits from a beautiful landscaped setting with mature trees and a lake, two miles from the centre of Tunbridge Wells.
The new community will deliver 146 specialist residential apartments and cottages with communal facilities including a restaurant, café, shop, library, cinema room, a wellness centre (comprising a swimming pool, hairdressers, spa and fitness suite) and a GP facility, which will be accessible to the surrounding community as well as village residents.
With construction due to commence this year, the scheme is part of Inspired Village’s strategy to deliver 2,500 homes for over 65’s in the next six years.
Matthew’s & Goodman’s investment team sourced the opportunity and negotiated the deal on a conditional basis (subject to planning), back in 2018.
Head of Investment James Routledge commented “This purchase reflects increasing interest amongst investors in the retirement market, which has strong potential for growth, particularly given the emergence of this type of community-based offering.”