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

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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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About Author

Chris has been a journalist and weekly commentator on the retirement village and aged care sectors for 15 years. He has interviewed residents and management at over 250 villages nationally, plus visited aged care homes across the country and studied homes and management in America and Africa. As Co-founder of The DCM Group, he has guided the business growth and is a sought after advisor to operator boards and management.