Audley agrees to buy former Homewood site in Royal Leamington Spa
Audley has agreed to purchase the site of the former residential care home Homewood. The site, in Leamington Spa is adjacent to the existing village of Audley Binswood and will be converted into additional accommodation for the over 55s.
First opened in May 2014, Audley Binswood is a short walk from the main shopping areas and leisure facilities of the historic town of Royal Leamington Spa. The Grade II* listed Victorian Gothic Binswood Hall has been beautifully restored and forms the centrepiece of the retirement village, currently containing 88 cottages and apartments. The development of the Homewood site will add a further 26 properties and restore two cottages for those who want access to Binswood’s central facilities, but would prefer to live further from the main village.
Audley is now in the process of consultation to develop a planning permission application for this satellite site. Audley has a 100% track record in securing planning permission at previous sites, due in part to its proven business model and ability to work with local communities to restore properties. With a porfolio of 12 villages across the UK, Audley also manages a further two, following the recent acquisition of a site in Stanbridge Earls, Hampshire and one in Englefield Green, Surrey. These villages, when completed, will deliver 1,000 units to market.
Nick Sanderson, CEO of Audley said: “It continues to be a real joy to work closely with the local community in Royal Leamington Spa to bring well known landmarks such as Binswood Hall School and the Homewood site back to their former glory. We are all looking forward to welcoming the first owners to this new development.
"Our agreement to buy the Homewood site marks a new milestone for Audley. The growth and continued popularity of sites such as Binswood is a reflection of the surge in demand for high quality retirement living with care provision. Our exemplary record in securing planning permission comes from our commitment to working closely with the local community and stakeholders, and we intend to continue with this approach.”