Inspired Villages Group has announced the purchase of Ledian Farm, Leeds Village in Kent, which comes with a detailed planning consent for a retirement village.

The seven acre site located close to Leeds Castle is expected to have a Gross Development Value of in excess of £50m and provide over 115 homes when built. It is set to generate strong local employment opportunities, both during the construction phase and service-led roles once fully occupied.

Jamie Bunce, CEO of Inspired Villages Group, said: ”Ledian Farm is the 7th site secured by Inspired Villages since its formation with Legal & General in August 2017. Due to the scarcity of high quality stock in the UK’s later living housing market, IVG recognises that the main path to scaling its business is through organic growth. Ledian Farm is exemplary of the sort of land we are looking for, with its location and scope for development providing an excellent opportunity to deliver age-appropriate accommodation, lifestyle and wellbeing services to our communities.”

In keeping with the IVG model, it will offer a selection of luxury cottages and apartments centred around a prestigious clubhouse - providing a focus on wellness with plenty of opportunities for maintaining an active lifestyle, socialising and relaxing.

Phil Bayliss, Head of Later Living at Legal & General Capital, added: “The acquisition of Renaissance Villages in November 2017 and Ledian Farm in quick succession is testament to our aggressive growth objectives for the Later Living business. With an ageing population and an underprepared market to support it, Legal & General’s long-term investment in the sector can deliver significant housing, health and wellbeing benefits for those in later life, as well as a reduction in NHS costs and GP visits.”