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Gloucestershire Business News

Contractor named for £50 million new village development

London firms behind a 125-luxury home development destined for the Cotswolds have named the contractor which will make their dream a reality.

Rangeford Villages and Octopus Real Estate have appointed Rydon, which has offices in Bristol, for the delivery of its new £50m 'lifestyle village for the over 60s' in Gloucestershire.

Work constructing the 125 new homes, which will create Siddington Park, is scheduled to start in Spring on a 12-acre former parkland site on the outskirts of Cirencester.

Paul Barber, South West regional director for Rydon Construction, said: "This is an exciting opportunity for us as we grow our business in high-quality retirement housing whilst bringing opportunities for local businesses and young people to train in our sector."

The village will feature one, two and three bedroomed apartments, ranging from 642sqft to 1,798sqft.

Construction of the village will take place on 8.2 acres of the site and is scheduled to be completed in late summer 2022.

Rydon has worked closely with Rangeford Villages since early 2017 and its appointment comes following the successfully delivery of Rangeford Village's £22m phase two (90 units) project at Wadswick Green, Wiltshire.

Siddington Park will be managed and operated by the award winning Rangeford Villages and boast an array of onsite amenities including a restaurant and coffee shop, wellness spa, pool, gym, concierge and integrated care services.

Siddington Park builds on the established partnership between Rangeford Villages and Octopus Real Estate, which has led to the development of modern retirement villages Wadswick Green in Wiltshire and Mickle Hill in North Yorkshire.

Octopus Real Estate is a part of the Octopus Group and describes itself as a leading investor in healthcare facilities across the UK and Ireland. Rangeford Villages is a dedicated developer and operator of contemporary retirement villages.

Kevin Beirne, retirement director at Octopus Real Estate, said: "The demand is being driven by a growing aging population who want to downsize and enjoy retirement in high end accommodation with the best facilities including the likes of a spa, pool, gym and concierge service.

"Siddington Park will create modern homes that are better suited to the aspirational lifestyles modern over 60s are looking for to complement their active and social lifestyles."

Howard Nankivell, chief executive officer of Rangeford Villages, said: "The face of the retirement living sector continues to evolve and the growth of our portfolio reflects the growing demand for later living developments like Siddington Park.

"This is our third development in partnership with Octopus Real Estate and we are looking forward to growing our position with them further in the retirement sector."

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