Affordable Housing & Healthcare Group Receives £60m Facility from OakNorth
Summary
Affordable Housing & Healthcare Group, a Bournemouth, UK-based developer of housing and healthcare infrastructure, received a £60m facility from OakNorth. The company intends to use the funds for the development of three new retirement living schemes in Wiltshire, Dorset and Somerset. Led by Julian Shaffer, CEO, AHH provides innovative solutions for retirement living through an offering of age-friendly communities, bespoke healthcare and lifestyle services, and innovative home ownership options. The new sites have over 400 units between them and will be built with a range of communal facilities and services including: a convenience store, hair salon, treatment rooms, fitness and activity suite, bistro/bar, private lounge and dining and a dedicated lifestyle management team providing care and wellbeing services. New homes are purchased on a government-backed shared ownership basis, reducing the cost of home ownership for last-time buyers.