Daniel discusses financing later living schemes, following ASK and OakNorth Bank’s recently announced loan facility to FORE Partnership and Amicala for an ultra-sustainable net-zero carbon later living scheme in Bristol
For Daniel Austin, chief executive of ASK, the lack of suitable retirement accommodation for the UK’s growing ageing population is the main reason behind the sector’s projected growth.
“In big cities more specifically, there are significant pockets of wealth amongst those in the 60-plus age bracket, and many of them are finding that their existing housing is not greatly accommodated for later life,” he told Real Estate Capital. “There is definitely a growing need for quality later living accommodations.”
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