Retirement Villages Group Ltd is a British residential

property developer Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw Real Estate, land and the sale of developed land or parce ...

. Residents must be aged 55 or over to live in its developments, which are known as "villages". It was acquired by

Axa Axa S.A. is a French multinational insurance corporation headquartered in the 8th arrondissement of Paris. It also provides investment management and other financial services via its subsidiaries. As of 2024, it is the fourth largest financi ...

for about £100 million in October 2017.

History

The company was founded in 1981 and the first development to be built was Elmbridge Village in Surrey. Princess Alexandra officially opened Roseland Parc, a new retirement village in Cornwall, in 2008.

Developments

The company’s head office is in

Leatherhead Leatherhead is a town in the Mole Valley district of Surrey, England, about south of Central London. The settlement grew up beside a ford on the River Mole, from which its name is thought to derive. During the late Anglo-Saxons, Anglo-Saxon ...

, Surrey and its developments are located in Cornwall, Devon, Essex, Hertfordshire, Lincolnshire, Oxfordshire, Somerset, Surrey, Wiltshire, West Sussex and Warwickshire. It owns 14 villages across Britain with 1,609 residents. Eight contain on-site care homes with a total of about 300 residents. In 2014/5 the firm had sales of £35 million and paid its six directors a total of £498,000. In November 2016 it announced its intention to open seven more villages with a gross value of £200 million by 2021. The proposed locations would include Lower Shiplake in Oxfordshire,

Saffron Walden Saffron Walden is a market town and civil parish in the Uttlesford district of Essex, England, north of Bishop's Stortford, south of Cambridge and north of London. It retains a rural appearance and some buildings of the medieval period. Th ...

in Essex, South Chailey in

East Sussex East Sussex is a Ceremonial counties of England, ceremonial county in South East England. It is bordered by Kent to the north-east, West Sussex to the west, Surrey to the north-west, and the English Channel to the south. The largest settlement ...

Merstham Merstham is a town in the borough of Reigate and Banstead in Surrey, England. It lies 17 miles south of Charing Cross just beyond the Greater London border. Part of the North Downs Way runs along the northern boundary of the town. Merstham has ...

in Surrey and

West Malling West Malling ( , historically Town Malling) is a market town in the Tonbridge and Malling district of Kent, England. It has a population of 2,590. Landmarks West Malling contains several historic buildings, including St Leonard's Tower, West ...

in Kent.

Operations

* Independent living : This is a scheme where residents live in private housing without direct care provision. However, services can be purchased and 24-hour emergency cover is in place. * Assisted living : Residents live in separate properties within the grounds of an existing care home and services including care can be provided as required. * Residential care : Some developments provide residential care for people who cannot continue living in their own home, even with home care services. * Respite care : Some developments provide

respite care __NOTOC__ In the field of healthcare, respite care is either planned care or temporary emergency healthcare that is provided to the caregiver(s) of a child patient or of an adult patient. In order to support and maintain the social health of the pr ...

, which gives temporary relief for primary carers.

References

External links

Official site
{{Real estate in the United Kingdom Housebuilding companies of the United Kingdom Housing for the elderly in the United Kingdom Companies based in Surrey