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NEW INVESTMENT: UK’s leading developer earmarks Hemel Hempstead in search for land

 Published on: 5th August 2020   |   By: Amneet Kaur   |   Category: Uncategorized

The UK’s leading developer and manager of retirement communities, McCarthy & Stone, looks set to make an investment of around £5million in older people’s housing in Hemel Hempstead.

McCarthy & Stone has responded to Boris Johnson’s appeal for developers to “build, build, build” by actively searching for land in Hemel Hempstead. 

The developer is searching for land of between 0.5 to five acres, ideally with level access and in a prominent location close to the high street or to local amenities.

This strategy is in direct support of the government’s drive to revive town centres following the impact of COVID-19, and it could therefore result in a lifeline for retailers and other local businesses.

The strategy will create less pressure on local hospitals and care services, there would also be advantages for prospective homebuyers in town, with more family-sized homes released to the market as older people downsize.  

John Tonkiss, chief executive officer, said: “High-quality and well-located retirement communities bring life back to high streets and help older people remain independent and secure in their own home, with companionship and assistance on hand if needed. 

“We have identified Hemel Hempstead as a key location for McCarthy & Stone, and we need new land in the town in order to satisfy this growing demand.  

“I would urge landowners or those who are in a position to make a new site introduction to come forward at their earliest convenience and have a discussion with our land buying team.  Generous commissions are available for the right site.”

New site introductions can be submitted directly via email to landwanted@mccarthyandstone.co.uk

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