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British property developer From Wikipedia, the free encyclopedia
Retirement Villages Group Ltd is a British residential property developer. Residents must be aged 55 or over to live in its developments, which are known as "villages". It was acquired by Axa for about £100 million in October 2017.[1]
The company was founded in 1981 and the first development to be built was Elmbridge Village in Surrey. Princess Alexandra officially opened Roseland Parc, a new retirement village in Cornwall, in 2008.[2]
The company’s head office is in Leatherhead, Surrey and its developments are located in Cornwall, Devon, Essex, Hertfordshire, Lincolnshire, Oxfordshire, Somerset, Surrey, Wiltshire, West Sussex and Warwickshire.[3]
It owns 14 villages across Britain with 1,609 residents. Eight contain on-site care homes with a total of about 300 residents. In 2014/5 the firm had sales of £35 million and paid its six directors a total of £498,000.
In November 2016 it announced its intention to open seven more villages with a gross value of £200 million by 2021. The proposed locations would include Lower Shiplake in Oxfordshire, Saffron Walden in Essex, South Chailey in East Sussex, Merstham in Surrey and West Malling in Kent.[4]
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