Developer earmarks Sheffield in search for land

The company is predicting a strong increase in the demand for retirement living in the city, given that the UK’s 65-plus population is set to grow by 43 per cent in the next 20 years, and it is seeking appropriate sites for the development of a new multi-tenure retirement community.

Representing a boost for the local employment market, an average McCarthy and Stone scheme of 40 apartments provides approximately 50 jobs for the duration of construction, with the company committed to using local sub-contractors, tradespeople and suppliers.

When complete, each new community also results in the creation of up to 17 full and part time positions on-site.

McCarthy and Stone is searching for land in Sheffield of between 0.5 to 5 acres, ideally with level access and in a prominent location close to the high street or to local amenities.

This strategy is in direct support of the Government’s drive to revive town centres following the impact of Covid-19, and it could therefore result in a lifeline for retailers and other local businesses.

The Prime Minister has pledged to put housing and infrastructure at the centre of the Government's economic recovery plans, with a commitment to "build, build, build" and McCarthy and Stone is one of the first developers to respond to the challenge.

John Tonkiss, chief executive officer, said: “The Prime Minister is spot on in recognising that housebuilding will be central to the UK’s recovery effort, and more and better housing for older people is a critical part of the mix.

“ We have identified Sheffield as a key location for McCarthy and Stone, and we need new land in the city in order to satisfy this growing demand.

"I would urge landowners or those who are in a position to make a new site introduction to come forward at their earliest convenience and have a discussion with our land buying team.”

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