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Construction firm GRAHAM has been appointed to develop a new retirement village in Yorkshire.
Selected by Audley Group, GRAHAM has been selected to lead on the construction of Audley Scarcroft Park, its new 110-acre retirement village in West Yorkshire. Once complete, it will be home to 22 cottages and 106 two-bedroom apartments.
Located at the heart of the 'Golden Triangle' formed by Ilkley, Harrogate and York, this project will be the third site on which Audley Group has partnered with GRAHAM. Preparatory groundwork began on the site last year, including the demolition of the 70,000 square foot 1970s office block, and the work now begins on the construction of 18 new buildings and start the restoration of Grade II listed Scarcroft Lodge.
On completion, Scarcroft Lodge, built in 1830, will be home to the Audley Club which will provide property owners and the local community with a restaurant, health spa with hydrotherapy pool, gym and wellness studio. The village will also offer delivery of care to both owners and the local community through Audley Care, Audley’s stand-alone Care Quality Commission-registered care provider.
The start of the construction comes after Fortwell Capital, a principal lender to developers and investors in the UK and Ireland, financed a £52.1 million loan facility to the joint venture (JV) between Audley Group and Schroders Capital’s UK Retirement Living Fund (ReLF) advised by Octopus Real Estate, to support the development of Scarcroft Park. The village will be the fourth village planned through the joint venture agreement.
Jonathan Hall, Managing Director for the Building South region at GRAHAM, said: "We're proud to be partnering with Audley Group on a new retirement village that will deliver high quality housing for older people in the area. Audley Group is a pioneer in the field of later living, known for improving and enriching communities with its provision of retirement housing. We share a similar commitment to going the extra mile and know that our team will work hard on delivering this latest vision in the heart of West Yorkshire."
