Saturday, August 13, 2022

Funding secured to begin development of new retirement village in Lincoln

Short-term finance specialist PMJ Capital has provided £3.2m funding to senior living specialist, Arbor Living, to fund the next phase of a retirement village, located just outside Lincoln.

The scheme, The View, is a contemporary development of detached eco bungalows for the over 55’s, set in parkland overlooking a lake, just a short walk from Burton Waters Marina, just three miles from the city of Lincoln.

The initial scheme consists of 13, 2-bedroomed bungalows and PMJ has provided funding via an 18-month peak cashflow facility of £1.75m.

Graham Richardson, Managing Director at Arbor, said: “The View is located in a highly enviable location which we know will appeal to buyers, but the eco-design is also incredibly forward thinking and an attractive proposition, providing buyers with a unique opportunity to downsize to a highly efficient, single-storey home.

“PMJ are an incredibly supportive partner. They understand what we are trying to achieve and ensure that they structure a deal that fully meets our requirements and enables success.”

David Rainford, Managing Director of PMJ Capital, added: “This is a fantastic project and we are delighted to be able to work with Arbor once again. Graham and the team have created a well-thought-out and attractive project in an enviable location catering to the over 55 market. Whilst only recently out of the ground initial buyer response is strong which is really pleasing to see.”

Construction has begun, with the first phase due for completion in Autumn this year.

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemic having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £27.55 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.

Advertisment








Latest posts

Best Kept Village winners revealed for 2022

Beautiful Ropsley and Welby have taken top honours in this year's South Kesteven District Council Best Kept Village competition. Allington was judged second in the...

Help a young person – become a supported lodgings host

Could you help shape and support the life of a young person? If so, North Lincolnshire Council need you and your skills to help...

£8m Levelling Up boost for Grimsby to repair vital bridges and boost local industry

Vital bridges connecting Grimsby and Immingham will be repaired to boost the local key industries and tourism, prevent road closures and secure future jobs...

Western School site housing development moves a step closer for Grimsby

An opportunity to create the housing development on the former Western School site has been released to tender this week. The 22.9 acre brownfield site...

Well known Brigg Hotel sold to local business

The Exchange Coach House Inn and Tavern in Central Brigg has been acquired by the Hunt Group. The historic Exchange Coach House Inn along with...

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close