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Farrans bags £50m retirement village

Farrans has been named as contractor on the £50m growth of an “older individuals’ village” in a Bedfordshire city.

Works will embrace a 72-bed care dwelling, short-stay unit and 88 flats for the over-55s, on the positioning of a former leisure centre at Steppingley Street in Flitwick.

The principle constructing, designed by architect Oliver and Robb, will meet dementia-friendly requirements in addition to Passivhaus energy-performance pointers.

Julie Ogley, Central Bedfordshire Council’s director of grownup social care, well being and housing, mentioned: “After a sturdy tender course of, Farrans was awarded the contract primarily based on greatest worth, high quality and their robust monitor file and experience in delivering building tasks of this nature on time and to price range.”

Farrans regional director Cathal Montague mentioned: “We’re trying ahead to starting work on website in early 2022 and persevering with to construct on our robust relationship with Central Bedfordshire Council, as they progress with the agenda to ship future-proof, top quality residential services for older individuals.”

He added that the crew would “be bringing our experience and data of the senior residing sector to Steppingley Street older individuals’ village”.

Building is because of start subsequent month, with completion set for autumn 2023.

Latest years have seen a variety of bulletins within the retirement properties sector together with Retirement Villages Group saying plans to build up to 5,000 new retirement homes across the UK, for around £2bn, and the £630m takeover of McCarthy Stone, previously referred to as McCarthy & Stone, by private equity firm Lone Star.