£55m later-life schemes to be delivered by partnership

A new partnership is set to deliver two independent living schemes, worth more than £55m.

Deeley Group is working with Anchor, England’s largest not-for-profit provider of later-life housing, on the development of more than 200 apartments across the sites in Sutton Coldfield and Peterborough. Both schemes are being delivered with Homes England Funding.

The former Royal Works site on Coleshill Street, Sutton Coldfield will be transformed into a £35.9m scheme comprising 137 apartments.

Deeley Group is providing a turnkey solution on the challenging brownfield, with the company acquiring the land and negotiating a design and build contract with Anchor. It’s the largest value development in the group’s history.

In Peterborough, Deeley has won a competitive tender to deliver a £19.6m 80-apartment independent living development at Silver Hill in Peterborough for Anchor.

Deeley will have generated 624 extra care apartments and 258 care home beds in the housing and healthcare sectors over the past five years.

Eleanor Deeley, joint managing director at Deeley Group said: “Partnerships have underpinned our growth in the healthcare sector in recent years and it is fantastic to be working with Anchor on these two new excellent schemes.

“Working with sector leaders such as Anchor further establishes our own reputation as a leader in the delivery of care, extra care, independent living and healthcare facilities across the Midlands.

“This also signals another major step forward for our business as the Sutton Coldfield development will be the highest value scheme the company has delivered in our near 90-year history.

“We look forward to working with Anchor to deliver these high-quality and sustainable schemes which will provide vital homes for hundreds of people in Sutton Coldfield and Peterborough.”

Patrick Duffy, Anchor’s director of new business, said: “I am delighted to be in partnership with the Deeley Group and these are two fabulous new schemes, which underpin our vision to deliver at least 500 new homes per year.

“Deeley has engaged with us very closely to achieve some very challenging deadlines and to help make the schemes viable in the face of rising cost inflation. I look forward to seeing so many new affordable homes completed in the next two years, which I’m sure will make a huge difference to the lives of hundreds of older people in the most acute housing need.”