London-based retirement home provider expands its presence with a £36 million development project

Birchgrove Acquires Historic Ayrton House in Landmark Transaction

Birchgrove, a leading player in the UK's senior housing market, has made a significant move by acquiring Ayrton House in London. The acquisition, costing £36m, is the latest in a series of developments by Birchgrove, including Hampton Court and Chiswick.

Located in Mill Hill's conservation area, Ayrton House is the centerpiece of the Ridgeway Views residential scheme, a 47-acre, 528-home project. The development, expected to be completed next year, will offer 60 self-contained apartments for independently minded people in later life.

The acquisition was funded by £10.2m of equity funding from Bridges Fund Management and a development facility from Octopus Real Estate. This forward funding deal allows Birchgrove to accelerate the final phase of the Ridgeway Views residential masterplan.

The purchase of Ayrton House was not just a business move for Birchgrove. It was also made to preserve the historical significance of the building, with financial support from local heritage funding organizations.

This landmark transaction is expected to pave the way for more senior housing forward fund deals and partnerships. Birchgrove's success with Ayrton House may encourage other developers to invest in senior housing, particularly in the current market requirements.

Birchgrove has added Ayrton House to its expanding Grade A portfolio. The company, which is currently at the forefront of the senior's housing market in the UK, also acquired a 50-apartment site in Chiswick in 2022.

The development of Ayrton House is a testament to Birchgrove's commitment to providing quality senior housing solutions. With this acquisition, Birchgrove is leading in the UK's senior's rental market, offering comfortable and secure living spaces for seniors who value their independence.

In conclusion, the acquisition of Ayrton House by Birchgrove is a significant step forward in the UK's senior housing market. It not only marks a milestone for Birchgrove but also sets a precedent for future developments in this sector.

London-based retirement home provider expands its presence with a £36 million development project