0

NHBC, the UK’s leading warranty and insurance provider for new build homes, has announced a new partnership with the Associated Retirement Community Operators (ARCO) to support the growing demand within the retirement living sector.

Retirement communities combine independent living for older people, through them renting or owning their own flat, with the provision of 24/7 onsite staff, Care Quality Commission (CQC) -registered domiciliary care if needed, and a wide range of communal services and facilities.

Estimates show that 75,000 people currently live within retirement communities, with the number of over 75s in the UK set to double in the next 30 years.

LIS Show – MPU

The retirement community sector has also set a target to provide a home for 250,000 older people by 2030.

ARCO, formed in 2012, is the main body representing the retirement community sector in the UK and aims to promote confidence in the sector and drive policy change to increase the number of retirement communities.

Talking about the new arrangement, NHBC’s retirement living sector lead Matt Scarrott, said:

“The demand for purpose built, high-quality housing options for older people with tailored support services is predicted to grow substantially and will play an increasingly important role in the UK housing market.”

“As a result, we have developed a dedicated construction assurance process and product for the retirement living sector, which we are confident will be attractive to investors, operators and developers who want to de-risk homes, provide long-term asset protection and reassure their customers.”

“This process enables our specialist team to work with clients as early as pre-land acquisition and throughout the design and construction process to help deliver homes of the highest quality.”

“As a result, the risks to each project, to the quality of construction and to long-term asset are mitigated.”

Michael Voges, executive director, ARCO added:

“It is fantastic news to announce our partnership with NHBC.”

“There is a close alignment between NHBC’s commitment to quality and ARCO’s aim to promote confidence, raise awareness of the retirement community model and increase the volume and quality of expertise within the sector.”

“It is a partnership we welcome as we look to grow the retirement community sector in the UK.”

SUBSCRIBE
Subscribe to our weekly newsletter
Stay informed with our leading property sector news, delivered free to your inbox. 
Subscribe
Your information will be used to subscribe you to our newsletter and send you relevant email communications. View our Privacy Policy
Property Notify
Property Notify is a leading property sector publisher reporting on breaking news and political changes affecting the UK property industry, in addition to finance, tax and investment coverage we provide a hub to explore, contribute, invest in and celebrate the property industry. - Read more.

    Councils Should Embrace Green Bonds for Net Zero Future

    Previous article

    WhatHouse? New Homes Index: Buyer Interest in New Build Homes Jumps by 135% in Q2

    Next article

    You may also like

    Comments

    Leave a reply

    Your email address will not be published. Required fields are marked *