care sector – news
model is one that works and we have a responsibility to drive that forward.” The latest evidence of investment in
the care home market comes from Frontier Estates, which has completed a pre-let and forward-funding agreement for four new premium retirement homes. The schemes, in Watford, Bedford,
Flitwick and Letchworth, will provide a total of 308 rooms for One Housing Group, which has entered into new 30- year indexed leases on the properties, which are due for completion in 2019. The deal cements One Housing’s
the way social care is funded are expected to come into operation in April 2020, which could have a positive impact on the market. “Unless output substantially
increases, however, the discrepancy between current annual rates of additional bed spaces and future annual demand is expected to widen significantly, with an estimated shortfall of 28,000 bed-spaces by 2025,” the report concludes. A study by medical journal, The
Lancet, predicts that more than 70,000 new care home places will be needed in the UK over the next eight years. Nick Sanderson, chief executive of
care home operator, Audley Retirement, said of the reports: “Britain’s ageing population brings with it significant societal challenges. “Both the NHS and local authorities
are struggling to cope with the mounting pressure and traditional care packages are coming under increasing strain. “Many people would ultimately
prefer to remain at home as they age,
so it’s crucial we facilitate the development of housing that allows them to do this. “High-quality retirement properties
with care available as and when required prepares people for changes to their health while enabling them to maintain their independence.
A creaking system “There may be no simple answer to how we deal with the creaking care system, but we know the retirement village
expansion into the private care home sector with the development of its new private care home brand, Baycroft. The new developments have been
forward funded by Aviva’s REALM fund for a total commitment of approximately £70m.
www.onehousing.co.uk www.amaresearch.co.uk www.audleyretirement.co.uk www.frontier-estates.com
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