Leading developer and retirement community manager McCarthy Stone is seeking to acquire unwanted land from health and social care providers to meet post-pandemic demand.
The company is seeking to acquire 60 new sites per year, including land currently occupied by residential care homes, GP surgeries and other similar medical premises for redevelopment.
John Tonkiss, Chief Executive Officer for McCarthy Stone, explained: “In a post-pandemic world, it is absolutely vital that we continue to prioritise and empower older generations to live their lives to the full. The provision of beautifully designed and well-located retirement communities can ensure older people who purchase or rent a property at one of our award-winning developments benefit from a sense of belonging, independence, and peace of mind.
“In order to meet what is a growing demand for specialist retirement communities among an ageing UK population, we must continue to focus on increasing choice and accessibility and creating the infrastructure older generations need and desire. We are on the hunt for sites to develop and are very keen to speak to landowners and agents in locations that will allow us to create more communities which support retirees to enjoy a better and happier future.”
With more than 40 years’ experience unlocking significant site value, McCarthy Stone’s new sites will complement the company’s existing workflow, having purchased around 250 sites over the last five years.
New sites are typically brownfield land between 0.6 and six acres in a prominent position, within half a mile of shops and amenities and with a bus route nearby. The company has previously brought development opportunities to fruition following successful ventures with care home operators and medical practitioners looking to repurpose premises or sell surplus land.