New Retirement Village in Yorkshire
Audley Group has appointed GRAHAM to lead on the construction of Audley Scarcroft Park, its new 110-acre retirement village in West Yorkshire. Once complete, it will be home to 22 cottages and 106 two-bedroom apartments.
Located at heart of the desirable ‘Golden Triangle’ formed by Ilkley, Harrogate and York, this project will be the third site on which Audley Group has partnered with GRAHAM. Preparatory groundwork began on the site last year, including the demolition of the 70,000 square foot 1970s office block, and the work now begins on the construction of 18 new buildings and start the restoration of Grade II listed Scarcroft Lodge.
On completion, Scarcroft Lodge, built in 1830, will be home to the Audley Club which will provide property owners and the local community with a restaurant, health spa with hydrotherapy pool, gym and wellness studio. The village will also offer delivery of care to both owners and the local community through Audley Care, Audley’s stand-alone Care Quality Commission-registered care provider.
The start of the construction comes after Fortwell Capital, a principal lender to developers and investors in the UK and Ireland, financed a £52.1 million loan facility to the joint venture (JV) between Audley Group and Schroders Capital’s UK Retirement Living Fund (ReLF) advised by Octopus Real Estate, to support the development of Scarcroft Park. The village will be the fourth village planned through the joint venture agreement.
Philip Rolfe, development director at Audley Group, said: “The demand for integrated retirement communities is higher than ever so we are delighted to work with GRAHAM to again. It’s vital that we work with companies like GRAHAM that can deliver to the highest standards, to maintain the quality and build that Audley is known for.