Celebrations at Inglewood as construction gets underway for new Audley retirement village
23 November 2011
Local retirement village operator, Audley, has begun construction of a new development at the site of the former Champneys spa health hydro in Inglewood, Kintbury, West Berkshire. Work on the village officially started this week following a groundbreaking ceremony, attended by councillors Michael Butler and Anthony Stansfield from West Berkshire Council as well as representatives from Barclays Real Estate who provided development finance for the project.
Designed in consultation with the local community, Audley Inglewood will be complete in 2013 and create a range of long-term employment opportunities. The groundbreaking event marks the first step in transforming the site into a luxury retirement village, with 61 homes as well as a restaurant, bar, library, swimming pool and other leisure facilities. At its heart will be the historic hydro building, restored brick by brick to form a clubhouse for social activities.
Nick Sanderson, CEO of Audley Retirement Villages, said: “Audley Inglewood will be the seventh Audley Village and one of the most unique sites yet. I am thrilled that we have been able to work so closely with the local community in designing our village, which I hope will become an important resource for local residents.
“Beginning construction at Inglewood is very exciting and part of our ambitious development programme that will mean by 2013 we have almost 1,000 homes, and have created employment for around 200 extra staff across the UK.”
Audley secured a £20 million facility from Barclays Real Estate in October, to initiate the first two phases of the Inglewood development. This funding is the latest in a succession of development finance deals Audley has secured despite the challenging economic climate.