McCarthy & Stone completes 50,000th apartment sale
18 January 2016
McCarthy & Stone is celebrating after it completed its 50,000th retirement apartment sale this week.
The milestone comes just weeks after the UK's leading retirement housebuilder announced both its plans to list on the stock market, and its full year trading results, which saw sales up 15% as the business prepares to double in size.
Marjorie Crawford became the owner of McCarthy & Stone's 50,000th retirement apartment after moving into her Assisted Living apartment in the thriving community of Lyle Court in Edinburgh.
She comments: "I've lived in the area for most of my life, and followed the progress of Lyle Court from the very start, from the planning stages through to completion. Over the years I've become increasingly restricted by health issues and recently decided that it was the right time to downsize. It was important for me to find somewhere more suitable to my needs, but which was still very much my own home. As soon as I stepped through the door, I just knew that Lyle Court was for me – it just felt right.
"I've only been here for a matter of days, but it already feels like home. One of the main reasons I wanted to move was to regain my independence. I'm unable to drive, and the nearest bus stop was too far for me to walk, so at times I felt like I was trapped in my own home. I used to rely heavily upon my daughter to do my food shopping but now I can just pop over the road to get my groceries whenever I want. It's the small things like this that make all the difference, and now I can finally start to enjoy my retirement.
"When I bought the property I had no idea this would be McCarthy & Stone's 50,000th apartment sale – but the milestone shows there is a real demand for high quality retirement developments which allow people like me to retain the independence of home ownership, while living in a secure, low maintenance and energy efficient apartment."
Now in its 38th year, McCarthy & Stone has committed to investing £2.5 billion during the next four years in land and build, developing 12,000 new homes across more than 300 locations, and effectively doubling the size of its business. November will also mark another milestone for the business as it opens its 200th managed development, Kings Place in Fleet.
Clive Fenton, CEO of McCarthy & Stone, commented: "We're delighted to welcome Mrs Crawford to Lyle Court in Edinburgh. Providing age-appropriate housing to such a huge volume of retirees in the UK is a real achievement and one we are immensely proud of. Our developments give homeowners the opportunity to benefit from the best of both worlds - companionship when they want it and privacy when they need it.
"However, with the number of over 85 year olds in the UK expected to more than double between 2014 and 2033 , the next 50,000 properties will come around very quickly. We know that one in four over 60s is interested in retirement living – that's 3.5 million individuals – yet only 128,000 units have been built to date .
"While we plan to double the amount of properties we build to 3,000 a year over the medium term, more needs to be done to provide retirees with a better choice of attractive, high-quality homes should they wish to downsize."
Margaret Crawford agrees: "I really value the support of the flexible care packages here at Lyle Court, whilst the added security puts both my daughters' minds at rest. The atmosphere here really is wonderful, and even though I still feel rather new, I can't wait to get stuck into all that the development has to offer. One of the great things about Lyle Court is its fantastic table service restaurant, so if I don't want to cook I don't have to. I can't wait to try the lunch menu – it looks delicious!"
She adds: "Before I moved to Lyle Court, I didn't feel comfortable leaving my house empty for a period of time. Now I have the reassurance that it will be in safe hands with McCarthy & Stone, I'm planning a three week holiday to America over Christmas to visit my eldest daughter - something I couldn't even have contemplated this time last year."