Audley Retirement

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Audley Villages (also known as Audley Retirement, trading name of Audley Court Ltd) is a property builder and manager in the British retirement property industry. The central office is based in Surrey.[1]

Audley Retirement is backed by Moorfield Investments, since 2015.[2] It was founded in 1983 under the name Beaumont Healthcare, by current chief executive Nick Sanderson and business partner Dr Andrew MacDonald.[3] In 1990, Beaumont was acquired by Private Patients Plan Limited, a health insurer, now part of the AXA Group[4] It has a turnover of around £5 million for the care side of the operation. Moorfield provided £170 million in 2015 to build 1,000 new homes.[5] In May 2021 it set up a £500 million joint venture with BlackRock Real Assets which is to be used to fund the development of at least three mid-market retirement villages, the first of which will be in Watford.[6]

It has established retirement villages, often using former school premises, some in listed buildings, at 20 locations in England. They are restricted to people over the age of 55. Home owners pay a monthly management fee which covers services such as maintenance of properties and gardens, health and fitness clubs and extra support such as home care, leisure clubs and catering.

The chief executive Nick Sanderson was presented with the Pathfinder Award for his work promoting the role of retirement villages at the HealthInvestor awards in 2016.[7]

It acquired Red Kite Home Care a home care provider in Buckinghamshire in October 2016,[8] and in February 2018 the Scarcroft Estate in West Yorkshire, the former headquarters of npower, followed by another acquisition of land in Cobham in August 2018.

This will be its 19th village.[9]

It has established a new brand, Mayfield Villages, which is intended to be more affordable, and plans to have 2,500 more units over the next five years. [10] It has city centre developments in Clapham,[11] Bristol and Birmingham.[12]

Its first London village is planned to open in early 2020, following the opening of two new villages in 2019 – Cooper’s Hill in Englefield Green and Stanbridge Earls in Romsey.

Audley Villages locations[]

  • Willicombe Park, Tunbridge Wells has 67 one- and two-bedroom properties, a gym, swimming pool and restaurant, and an in-house care team. In 2012 the apartments were selling for between £200,000 and £350,000.[13]
  • St Elphin's Park, Darley Dale has 72 properties.[14]
  • Flete House, Holbeton, Devon has 29 apartments and is set in 12 acres.[citation needed]
  • Stanbridge Earls near Romsey, Hampshire - a village of 155 retirement properties with the main school building retained and converted into a health club, restaurant and bistro.[15]
  • Clevedon Ben Rhydding
  • Mote House, Mote Park near Bearsted - 85 apartments.
  • Inglewood, Kintbury, Berkshire
  • Chalfont Dene, Chalfont St Peter
  • Binswood Hall in Leamington Spa with a Grade II listed Gothic hall has a swimming pool, gym, restaurant, bar and bistro.[16]
  • St George’s Place, Edgbaston
  • Sunningdale Park was acquired in December 2016.[17]
  • Redwood in Bristol opened in 2017
  • Ellerslie in Malvern opened in 2018
  • Cooper's Hill in Surrey
  • Nightingale Place in London
  • Scarcroft Estate in West Yorkshire
  • Cobham

Denmark[]

In 2020 it announced plans for the development of 10 retirement communities in Denmark with a Danish pension company, PFA.[18]

References[]

  1. ^ [1] Malvern Gazette - Plans for retirement village
  2. ^ [2] Moorfield Investments - Audley page
  3. ^ [3] Audley Retirement - About Us
  4. ^ [4] AXA PPP Healthcare
  5. ^ "Retirement village firm lines up £170m to fund expansion". Daily Telegraph. 19 December 2015. Retrieved 24 December 2016.
  6. ^ "Half a billion pound retirement village project planned for 2022". Homecare Insight. 24 May 2021. Retrieved 4 July 2021.
  7. ^ "Priory boss tops the HealthInvestor Power Fifty". HealthInvestor. 4 November 2016. Retrieved 23 December 2016.
  8. ^ "Buckinghamshire home care provider acquired by Audley Retirement". Care Industry News. 24 October 2016. Retrieved 24 December 2016.
  9. ^ "Audley Group acquires retirement village site". Care Home Professional. 7 March 2018. Retrieved 7 March 2018.
  10. ^ "Audley launches new 'affordable' Mayfield Villages". Retiremove. 7 April 2016. Retrieved 7 March 2018.
  11. ^ "London to get its second luxury retirement village with development near Clapham Common". Telegraph. 15 October 2017. Retrieved 7 March 2018.
  12. ^ "Why 'Super-agers' are looking for urban stimulation and retiring to the city". Telegraph. 21 February 2018. Retrieved 7 March 2018.
  13. ^ "Are retirement villages the answer for the ageing population?". BBC News. 17 May 2012. Retrieved 24 December 2016.
  14. ^ "Fifteen new homes in next phase of Darley Dale development". Matlock Mercury. 18 September 2014. Retrieved 24 December 2016.
  15. ^ Stilliard, Ed (29 January 2016). "Stanbridge Earls School sold and could be turned into retirement village". Southern Daily Echo. Southampton. Retrieved 25 April 2016.
  16. ^ "More luxury retirement apartments for North of Leamington". Leamington Courier. 12 July 2016. Retrieved 24 December 2016.
  17. ^ "Government sells Sunningdale Park for redevelopment". Property Week. 21 December 2016. Retrieved 24 December 2016.
  18. ^ "Audley Group to introduce retirement living concept to Denmark". Homecare Insight. 8 February 2020. Retrieved 24 February 2020.
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