Hanover names new retirement development

Published by Jane Gething-Lewis for Hanover Housing Association in Housing and also in Local Government

PRESS RELEASE

Hanover is pleased to announce the name of its new retirement development in Portishead.

Situated on Forth Avenue; Waverley Court is to provide 68 much needed properties for older people in Portishead.

The £10.1 million retirement development is well under way, with completion expected by autumn of this year. The purpose built development will consist of 68 one and two bedroom retirement properties.

Of the 68 properties, eight bungalows will be for outright sale, and 15 apartments will be for sale on a shared ownership basis at 75% of market value. The remaining 45 properties will be offered for rent.

The innovative properties are being developed by Hanover in partnership with North Somerset Council, who contributed £1 million through Section 106 contributions. In addition it has been supported and part funded by the Housing Corporation, who contributed £2 Million as part of their drive for innovative retirement housing for the future.

Tony Tench, Group Director for Hanover said “Our Portishead estate is a stunning new development designed to meet the needs and aspirations of older people locally.

"High quality apartments are complimented by the range of onsite facilities and services including a restaurant, hairdressing salon, 24 hour onsite care services and dedicated estate management.

"Hanover is the leading provider of retirement housing with care (sometimes referred to as extra care) and is proud to offer places where our residents live life to the full.”

Councillor Ian Peddlesden, North Somerset Council's executive member for community services, adults and housing added; " We are very pleased that this unique scheme is nearing completion to give the older residents more choice and independence through high quality supported accommodation to meet a range of needs and pockets."

The development will be managed by Hanover and have an Estate Manager during office hours, to oversee the running of the estate and to be of assistance to residents. Tailored care packages will be available from the on-site care team.

The option to buy on an outright sale or shared ownership basis means that current homeowners can continue their investment in property, whilst have easy access to care and support.