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© 2024 The Weekly SOURCE
Topic - Developments

French retirement village group to invest $3.6B over 10 years in new UK village homes

1 min read

Retirement villages are firing up in England.

Retirement Village Group is expanding from France to England to build 5,000 new village homes over 10 years, concentrating on apartments in city centres rather than horizontal villages.

The company has 16 villages with 1,500 homes in France, built up since it launched in 1981. The company was purchased by Axa Investment Managers in 2017.

Around 7,000 new retirement village homes are now being built each year in the UK, compared to 3,500 in Australia.

As we reported HERE, financial institutions are entering the market. While insurance group Axa has purchased RVG to expand beyond France, Legal & General has backed Australia’s Eugene Marchese and Michael Eggington’s Guild Living.

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