The coun­try? No, I want to stay at the heart of it all

The Daily Telegraph - Property - - Front Page -

cur­rently un­der con­struc­tion in the city, ac­cord­ing to data from the El­derly Ac­com­mo­da­tion Coun­sel. This is com­pounded by the fact that, ac­cord­ing to the 2011 cen­sus, 54 per cent of over-65s are un­der-oc­cu­py­ing their London homes by two or more bed­rooms. As mayor of London, Boris John­son even pro­posed set­ting up an ini­tia­tive to en­cour­age older peo­ple to re­tire to the coast, free­ing up homes.

“De­spite the de­mo­graphic shift in the cap­i­tal, there has been very lit­tle be­spoke hous­ing de­liv­ered for older peo­ple who would like to down­size, but are trapped in their fam­ily homes be­cause there is noth­ing for them,” ex­plains Henry Lumby, for­merly re­tire­ment di­rec­tor at Sav­ills. He is now man­ag­ing di­rec­tor of Ami­cala, a new re­tire­ment spe­cial­ist that is set to build high-rise vil­lages in London. “Building high means buy­ers can en­joy fabulous views, and sit out­side on the roof ter­race away from the pol­lu­tion at street level,” says Neil MacKichan of re­tire­ment prop­erty web­site Re­tire­move. “London needs more ded­i­cated re­tire­ment hous­ing at var­i­ous price points to en­able older peo­ple to live in safe and se­cure prop­er­ties that can pro­vide care if they need it.”

Re­tire­ment de­vel­op­ers are in­creas­ingly cater­ing to a more dis­cern­ing cus­tomer, building tow­ers with roof gar­dens, swim­ming pools and restau­rants, and shift­ing their ap­proach from re­tire­ment liv­ing as a hospi­tal op­tion to a hospi­tal­ity one.

High-end de­vel­oper Pe­ga­susLife has al­ready con­quered the cap­i­tal with four schemes; its tallest is Hamp­stead Green Place, com­pris­ing 59 apart­ments over eight floors with com­mu­nal roof ter­races and a pent­house.

Lux­ury op­er­a­tor Aud­ley, which has built 16 re­tire­ment vil­lages with care fa­cil­i­ties across the South East, is building its first one in London by Clapham Com­mon. Some 94 one and two-bed­room apart­ments with a restau­rant, pool, li­brary and spa will rise over eight storeys and be com­pleted in 2020.

“It is a myth that ev­ery­one wants to move to the coun­try as they get older,” says Nick San­der­son, Aud­ley’s chief ex­ec­u­tive.

Lead­ing the trend of older peo­ple

A Pe­ga­susLife home in Hamp­stead

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