A retirement village business is to be placed on the market for about £70 million as its owners look to focus on core investment and development operations.
The retirement village portfolio is comprised of a development pipeline of 606 units, 150 of which have already been built or are currently in construction.
The sites are located in Lime Tree Village, Rugby; Liphook, Hampshire; St Loyes, Exeter; Maudsley Park, Great Aulne; Milton, Cambridge; and Faygate in Horsham.
At Lime Tree Village 153 units have already been sold, while at Maudsley Park, which is at the other end of the scale of completion, the owners have a 314,000 sq. ft. industrial estate with the potential to be used as a retirement village.
Deloitte has been drafted in to manage the business sale on behalf of its joint owners Helical Bar and Urban Renaissance Villages.
The joint venture was set up in 2002 in order for Helical to expand beyond its office, retail and mixed-use developments in London and the South East.
The news comes only weeks after Helical announced that it is ready to make new acquisitions in retail property. The company has certainly been busy so far this year - it also announced the completion of two separate deals involving the purchase of Newmarket Shopping Centre in Suffolk for £17.75 million and Sutton-in-Ashfield Shopping Centre, Nottinghamshire for £16.01 million.
This is an exceptional opportunity to acquire a dynamic and rapidly growing conservatory refurbishment company, boasting a skilled team and strong trading growth across Scotland and northern England.
An acclaimed jewellery manufacturer and retailer in Glasgow, known for its exquisite designs and craftsmanship, is now available for purchase.
Explore an established opportunity in the kitchen and bathroom design and installation industry, strategically located in central Scotland.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.