Legal & General’s later living business Inspired Villages has kicked off construction of the £60m Elderswell retirement village in Bedfordshire.
Once completed, Elderswell in Turvey will offer 130 age-appropriate homes, as well as state-of-the-art facilities in the village centre for both the residents and the local community.
The village centre will include a restaurant, café, library and wellness centre featuring a fitness studio, gym and jacuzzi pool.
Phase one of construction will see 76 homes and the village centre built by mid-2022.
“We wish to thank Tyack Architects, Pozzoni and DLP Planning for playing key roles throughout the planning process, and look forward to working with Vistry Group on the construction phase,” said Inspired Villages development director Neal Dale.
Legal & General expects the construction phase will create around 50 jobs per annum during the three-year construction programme, with a further 25 operational jobs created on completion.
“Inspired Villages has capital commitments of half a billion pounds across its villages, and a pipeline to deliver over 2,500 homes over the next six years,” said Phil Bayliss, chief executive of later living at Legal & General and chairman of Inspired Villages.
“Elderswell represents just one of a number of key milestones already achieved this year, look forward to maintaining this momentum and progressing with an active construction pipeline,” he added.
