Senior Property Associates is a team that was formed whilst working at the Mayfair-based property advisory business of Rohleder Lumby. Since 2012, as Rohleder Lumby, the business has advised on over £300m of property transactions in the UK; Senior Property Associates now takes that experience forward.
The majority of these transactions have been in the senior property sector and have included age-restricted retirement developments, extra care (assisted living) apartment schemes with on-site care and communal facilities, and care homes with a mix of dementia, nursing and residential beds. An amount of advisory and acquisition work has also included retirement and care villages, as well as more niche property developments such as close care (accommodation adjacent to a care home), care hotels, hospital ‘step’ care, medical centres and off-site medical assessment clinics.
We have also been instructed on the acquisition and disposal of residential development sites, on the acquisition of hotel sites for development as senior property, and on the acquisition of sites for new-build hotel development in both urban and rural locations.
In addition, Senior Property Associates has been retained by the operator Oak Retirement Limited and their fund management partner to acquire extra care sites for development. In 2016 they commenced the construction of their first combined scheme in Titchfield, Hampshire, an 86-unit extra care development, compromising apartments and bungalows.