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Jones Lang LaSalle advised on the acquisition which will have a £45m completed value
London, 1st July 2013 – Salmon Harvester Properties and Rock Care Partnerships have acquired a circa 25 acre development site in Buckinghamshire on an unconditional basis with a view to constructing a large retirement village next year which will have £45m completed value.
Salmon Harvester Properties and Rock Care Partnership were advised by Jones Lang LaSalle and successfully acquired The Wycliffe Centre conference site at Horsley’s Green, High Wycombe with a delayed completion allowing time to obtain planning consent. If successful, construction will take place in early 2014.
Jones Lang LaSalle is retained to provide continued advice to the developer in working on their planning application which is likely to include 100+ assisted living units, a 30 bed dementia care home and a club house/communal facility providing services into the village.
Anthony Oldfield, Associate Director, of Jones Lang LaSalle’s Healthcare team, said “The retirement village market is a growing part of the healthcare sector. This represented a rare unconditional acquisition and we were delighted to secure the site on behalf of Salmon Harvester Properties and Rock Care Partnership for a new venture into this alternative sector. The site is extremely well suited for a retirement village as it currently has over 100,000 sq ft of existing accommodation and a C2 planning use. We are excited about continuing to work with our client to make the project a success.”
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