Audley Retirement has bought Magna Carta Park, Surrey, which will be its 14th site.
The site, which has planning consent for 59 homes within the 66-acre Magna Carta Park, was acquired from NAMA.
Once complete, the retirement village will provide a luxury retirement properties for over-55s, with the original Victorian Gothic building being restored to become the Audley Club. The village will include a swimming pool, health club, restaurant and bar/bistro and is expected to open to owners in early 2019.
Audley now owns 12 villages and manages two more, providing more than 1,000 properties. The firm expects to double this number over the next five years by completing its current villages as well as acquiring new sites.
Nick Sanderson, chief executive, Audley Retirement, said: “The site is in a prime South-East location and will complement the rest of our villages. We look forward to being able to welcome our first owners to our newest Audley village in 2019 and watching the site develop.”
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