Contract secured to build £20m retirement community in Shropshire
Midlands-based contractor McPhillips has won a £20m contract to build a retirement community in Shropshire.
The project will see McPhillips transform land off the A41 in Newport into 61 apartments and 15 bungalows, in partnership with retirement living specialist Untold Living.
Untold Living, backed by a London-based private equity firm, was granted full planning permission for the site earlier this year after securing a £26.4m loan to support the development.
Known for specialising in flexible living for older adults, Untold Living is leading the project, with Newport being one of three such communities planned across the UK.
McPhillips director Chris Walker said: “We are looking forward to developing this scheme for Untold Living and Newport. There’s a significant benefit for the local community through our directly employed workforce and our established local supply chain. And of course, for the environment too, given we’re only based a few miles up the road.
“This is an exciting new development for Newport, a growing town with a population that needs more choices for those who are retired or approaching their retirement.”
Russell Jewell (CEO) of Untold Living, said: “We’re delighted to award the contract for this build to McPhillips, a local firm with a 60-year history in the area. It’s important to us that Newport and the wider surrounding community see the benefit of our investment here.
“The Untold Living ethos is about creating retirement communities for the modern retiree enabling people to downsize affordably and with ease. There is a real shortage of good quality, smaller housing across this part of the borough and this development will enable those living in Newport to stay in the town but in much more manageable accommodation with support 24 hours a day, seven days a week, every day of the year for those that need it.
“The project will naturally also help to free up larger homes for families looking to upsize or move to the area so it’s a real win on all fronts.”