Trafalgar Property Group acquires Surrey 1.3 acre development site

A recent cash deal sees Trafalgar Property Group acquiring a 1.3 acre development site with plans to build a new assisted living scheme. The site holds a former nursing home and planning permission granted for 37 units with an option to extend the project by a further 15 (predicted gross development value is around £15.1 million based on 37 units).

Trafalgar Group PLC’s Chairman James Dubois was quoted as saying: “Having launched our assisted living strategy last year, it is a major milestone for the group to acquire its first development site. Demand is growing in the UK for specialised retirement housing and this is particularly pertinent given the fast-growing ageing population in the UK and current demographic trends.

Full story on the Buy Association website.




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EAN Breaking News

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