Housing for Older People Diverging Business Models Anne-Marie

Housing for Older People Diverging Business Models Anne-Marie Nicholson – Partner Jenny Buterchi – Director London Surrey Manchester

A Growing Market

Health in Crisis: Care in the Community Day Care Home Care Nursing Dementia Acute Hospitals Care § Private Nursing £ 1, 000 pw RESIDENTIAL COMMUNITY § Residential Care (Public sector) £ 350 - £ 500 pw § Assisted Living £ 150 - £ 200 pw Respite Care Home Care Rehab § Hospital £ 3, 000 pw § Home Care £ 15 ph

Indicative Housing Market for Older People Private Sector Middle Market Public (Voluntary) Sector Local Authorities Housing Association Charities Private Sale Staying put Home Care Services & Home Improvement Agencies Leasehold Sale Shared Ownership Affordable Rental

Independent Living: An attractive alternative for older people wishing to downsize across both public & private sectors

Attractive Inclusively-Designed Apartments

Independent Living (HAPPI Housing? ) • Staying in Control • Choice & Variety • Design Quality: Attractive Homes • Lifetime Lifestyle Alternative Neighbourhood • Location & Connectivity • Affordable • Care Continuity Care and Support Community Interface Attractive Homes Independence & Control Lifestyle Alternative

Diverging Business Models

Diverging Business Models – The Middle Market • Little or no Grant available • Cross subsidy benefits • Planning gain • Community benefit • Meeting a demand • Sustainable communities • Huge numbers of home owners over 55 • Boomer generation looking for a lifestyle change Social Housing providers and the Private sector are focussing on the same sector.

St Bede’s, Bedford Orbit Independent Living

St Bede’s, Bedford ST BEDE’S, BEDFORD • Client : Orbit Independent Living • Project HAPPI Winner Housing Design Awards 2011 • Best Development Winner CIH Midlands Awards 2014 • 104 Units: – 29 x 1 Bed – 75 x 2 Bed • Mixed Tenure • 50% Affordable Rent • 50% shared ownership • Central location • Existing buildings • Completed Summer 2014

St Bede’s, Bedford ST BEDE’S, BEDFORD • New Build / Retained Buildings / Demolished Buildings

St Bede’s, Bedford ST BEDE’S, BEDFORD

ST BEDE’S, BEDFORD Interiors by PRP working closely with the client and end user

St Bede’s, Bedford ST BEDE’S, BEDFORD

Queensway, Leamington Spa Orbit Independent Living

Queensway, ST BEDE’S, BEDFORD Leamington • Client: Orbit Independent Living • 178 Units • 110 x 2 beds • 68 x 1 beds • Mixed Tenure up to 99% shared ownership • External Deck access • Dual aspect flats • Central location • Adjacent to commercial retail park and housing area • Change of class use from Employment • Completion due April 2015 Spa

Queensway, ST BEDE’S, BEDFORD Leamington Spa

Queensway, Leamington Spa

Queensway, ST BEDE’S, BEDFORD Leamington Spa

Wycliffe Village, Wycombe Grant Taylor

Wycliffe Village, ST BEDE’S, BEDFORD • Supported Living Community • 169 Units comprising • 115 supported Living Units • 24 Care Suites • 30 Dementia Care Suites • Clubhouse • Outright sale and private rental Wycombe

Wycliffe Village, ST BEDE’S, BEDFORD Wycombe A range of accommodation and care to suit individual needs

Wycliffe Village, ST BEDE’S, BEDFORD Wycombe

St Mary’s Lane, Upminster Mc. Carthy & Stone

St Mary’s Lane, Upminster • Client : Mc. Carthy & Stone • 21 Units: – 3 x 1 Bed Apartments – 19 x 2 Bed Apartments • Site Area 0. 2 ha • Aimed at younger older people • Within residential area Upminster Park St M ary’ s La ne • A ‘Later Living’ Development • Close to High Street • Good transport links • Views of Upminster Park to the south • Footpath link to park along boundary • Planning Approval December 2014 Station Road

St Mary’s Lane, Upminster Communal Accommodation to suit size of development including: - • St M Generous foyer • Resident’s Lounge • Bicycle & Buggy Store • Lane Guest Suite • ary’s Communal Terrace • St M Concierge Service Lane Service charge has to be kept affordable for residents 17 parking spaces for 21 units Upminster Park

St Mary’s Lane, Upminster 1 Bed Apartment • Area = 57 m² • Ensuite Bathroom with bath option • • Majority of Apartments to have 2 bedrooms All to have generous balconies Generous storage Kitchens ideally should have external windows 2 Bed Apartment • Area = 79 m² • Ensuite bathroom & separate shower room

St Mary’s Lane, Upminster Contextual yet Contemporary View from Park

St Mary’s Lane, Upminster Active Street Frontage View from St Mary’s Lane

Powell Road, Buckhurst Hill Mc. Carthy & Stone

Powell Road, Buckhurst Hill • Client : Mc. Carthy & Stone • 65 Units: – 15 x 1 Bed Apartments – 49 x 2 Bed Apartments – 1 x 3 Bed Apartment • Site Area 0. 92 ha • Private for Sale • An ‘Assisted Living’ Development • Housing with Flexible Care • Within residential area • Abounds Linder’s Field Nature Reserve • Awaiting Planning Determination

Powell Road, Buckhurst Hill • 0. 6 miles to Tube Station • Level change across site • Within Green Belt • Very affluent area!!

Powell Road, Buckhurst Hill • Sense of Arrival • Port Cochere • 57 Parking spaces • Active street frontage Distinct Private landscape courtyards • Upper Ground Floor

Powell Road Extra Care, Buckhurst Hill Visible from the Street Entrance & Restaurant Terrace

Powell Road, Buckhurst Hill Extensive Communals including: - • • Generous Foyer Reception with Coffee Bar Restaurant Function Room Lounge Buggy Store Wellbeing Suite Guest Suite Access to garden on two levels

Powell Road, Buckhurst Hill Entrance Foyer

Powell Road, Buckhurst Hill Open Plan Lounge

Powell Road Extra Care, Buckhurst Hill 1 Bed Apartment • Area = 57 m² • Ensuite Bathroom with bath option • • • Majority of Apartments to have 2 bedrooms One 3 Bedroom Apartment All to have generous balconies Kitchens to have external windows or Juliette balconies Generous walk-in wardrobes 2 Bed Apartment • Area = 79 m² • Ensuite bathroom & separate shower room

Powell Road Extra Care, Buckhurst Hill Embedded within Landscape Setting View from Nature Reserve

Powell Road Extra Care, Buckhurst Hill Reinventing the Manor House Main Entrance

Conclusion • Model must flex to suit • Location • Budget – service charge • Demand in area • 58% of over 60’s are interested in moving with ¼ interested in buying a retirement property - equates to 3. 5 M people (HBF) • Currently building 100, 000 per annum • Lack of private for sale units • Insufficient supply across tenures • Market can support a variety of models & tenure