Care homes firm Audley has secured £20m from Barclays Real Estate to fund a new retirement village in Kintbury, west Berkshire.
The £20m village will comprise 61 homes, a restaurant, library and swimming pool. It is due for completion in early 2013.
Nick Sanderson, chief executive of Audley, said: “We have also been able to take advantage of historically low interest rates to fix our costs into the future, and give our business a solid platform for our growth plans.”
The Kintbury site is Audley’s seventh retirement village. Work on three more sites will begin next year.
joanna.bourke@estatesgazette.com
