Construction is underway on Untold Living’s new £20m retirement community in Newport, Wales.
Offering homes for purchase and rent, along with 24-hour on-site care that residents can access as needed, the retirement community of 61 apartments and 15 bungalows – built by contractor McPhillips – will provide needed flexible and supportive living for older residents.
Construction is expected to take 18 months. The Matter Real Estate-backed project was granted full planning permission earlier this year after a £26.4m loan was secured to support the development.
Amy Herbert, director of operations for Untold Living, said: “Today marks a significant milestone in our commitment to delivering communities that support modern retirees wanting to right-size, to do so affordably and with ease.
“As both developer and operator, we’re long-term partners of Newport’s wider community as well as our residents, and we intend to continue to invest in the area over the coming years.”
McPhillips director Chris Walker said: “We are really looking forward to developing this scheme for Untold Living and for Newport and the official sod-cutting marks an important first milestone.
“This development will provide more choice for people in Newport who are retired or approaching their retirement meaning they can downsize and stay in the local area.
“There’s also significant benefit for the local community through our directly employed workforce and our established local supply chain. And of course, for the environment too, given we’re only based a few miles up the road.”
