Published: 21st Jul 2020

McCarthy and Stone has launched a £100m fund to buy and develop unwanted public land from local authorities and other organisations. The developer said it is looking to identify 60 or more sites over the next year which are suitable for the development of new retirement communities. It is currently searching for land between 0.5 to 5 acres on central brownfield locations, ideally with level access to shops, and in a prominent location close to the high street or to local amenities. It will consider every type of land deal, whether unconditional purchase, conditional contract or option agreement. The 60 new sites required by McCarthy and Stone will complement the company’s existing workflow, having purchased 200 sites over the last four years. They will offer private apartments and bungalows across a range of tenures with on-site care and support services, helping older people to enjoy an independent and safe lifestyle … (To read the full article, subscribe below)