A Bournemouth-based retirement property development company is aiming to create 400 new jobs under plans which will effectively double the size of its business.
McCarthy & Stone are investing £2billion over the next four years to develop 12,000 new homes across 300 locations.
The planned growth will effectively double the firm’s business of building accommodation for older people.
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The chief executive of McCarthy & Stone, Clive Fenton, said: “With the growing demand for high-quality retirement housing and our land pipeline in excess of five years’ supply, we are focusing on the expansion of our business to meet this unprecedented growth opportunity. We are looking to boost our leadership team, starting with senior level appointments in these new regions”
The new structure will see its existing North, South West and Midlands regions each divided into two more regions with their own dedicated teams, to create three new regional offices.
Research cited by the company from the think-tank Demos suggested that 58 per cent of over-60s were interested in moving home but were restricted by a lack of suitable housing as part of the reason for the growth.
Clive Fenton added: “We all know that there is a housing shortage, but public debate is very much focused at the first-time-buyer end of the market rather than giving equal consideration to the needs of our ageing population.”