RVG launches £2bn Thrive Living plans
Retirement Villages Group wants 40 new retirement communities in town centres to be catalysts for regeneration.
The developer, owned by AXA IM Alts, said its £2bn Thrive Living concept will regenerate local communities and town centres around the UK, while providing an attractive lifestyle choice for older people who want an active, sociable and connected life.
Chief executive Will Bax said: “We are incredibly excited for Thrive Living and the essential change it can drive in this country, helping address the national housing supply shortage whilst regenerating town centres. But, most of all, we are committed to rolling it out at a scale that will enable thousands of older people to live amazing, purposeful lives, as active members of thriving local communities, for many years to come.”
Retirement Villages Group wants 40 new retirement communities in town centres to be catalysts for regeneration.
The developer, owned by AXA IM Alts, said its £2bn Thrive Living concept will regenerate local communities and town centres around the UK, while providing an attractive lifestyle choice for older people who want an active, sociable and connected life.
Chief executive Will Bax said: “We are incredibly excited for Thrive Living and the essential change it can drive in this country, helping address the national housing supply shortage whilst regenerating town centres. But, most of all, we are committed to rolling it out at a scale that will enable thousands of older people to live amazing, purposeful lives, as active members of thriving local communities, for many years to come.”
It currently has five Thrive schemes in the pipeline.
Botanical Place, which is under construction in West Byfleet in Surrey, will be the first development under the brand.
Boughton Heath in Chester will be the second location, delivering 155 apartments. Planning consent was recently granted for a third site at Tunbridge Wells in Kent.
The planning application for a fourth site, at West Malling in Kent, is expected to be approved imminently. Chigwell in Essex has been selected as the location for the fifth proposed Thrive Living community. Negotiations to buy the site have been concluded and the process of pursuing a planning approval has just started.
RVG said it will invest in the development of 40 Thrive Living communities across the UK within the next decade, creating 5,000 new homes, with an end value of £2bn.
RVG has also committed to investing £100m in its existing portfolio of communities. Plans are under way to provide additional homes and amenities, including improved restaurants, cafes, bistro, and wellbeing facilities.
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