Construction is underway on Untold Living’s £20million Newport retirement community, as the developer-operator continues to make progress in its commitment to increasing high-quality housing for retirees across the UK.
Located just off the A41 in Newport, award-winning contractor, McPhillips, will develop the 5-acre site into an integrated retirement community comprising 61 apartments and 15 bungalows alongside an on-site bistro.
Offering homes for purchase and rent, along with 24-hour on-site care that residents can access as needed, the retirement community will provide much-needed flexible and supportive living for older residents.
With construction expected to take 18 months, the retirement community will provide older residents with the opportunity to ‘right-size’ into quality homes without leaving their local area. By addressing the shortage of smaller housing options, the development will also free up larger homes, helping to ease the town’s growing housing demand and create a more balanced housing market.
The Matter Real Estate-backed later living developer-operator was granted full planning permission for the site earlier this year after it secured a £26.4million loan to support the development.
Amy Herbert, director of operations for Untold Living, said: “Today marks a significant milestone in our commitment to delivering communities that support modern retirees wanting to right-size, to do so affordably and with ease.”
“As both developer and operator, we’re long-term partners of Newport’s wider community as well as our residents, and we intend to continue to invest in the area over the coming years.”
McPhillips director, Chris Walker, said: “We are really looking forward to developing this scheme for Untold Living and for Newport and the official sod-cutting marks an important first milestone.”
“This development will provide more choice for people in Newport who are retired or approaching their retirement meaning they can downsize and stay in the local area.”
“There’s also a significant benefit for the local community through our directly employed workforce and our established local supply chain. And of course, for the environment too, given we’re only based a few miles up the road.”
In support of the development, local councillor, Rodney Pitt, added: “There is a real shortage of good quality, smaller housing in the town and this development will enable retired older people who are settled in Newport to stay in the town but in much more manageable accommodation. I see this being a huge benefit to people locally.”
