The Business Magazine - B2B Business News - Site Logo
The Business Magazine March 2024
Read now
PICK YOUR EDITION

Fareham: Midas starts work on Hampshire retirement village and community hub

3 July 2017
Share
property-default

A new state of the art retirement village is set to transform a Hampshire green space.

The scheme is being developed by a partnership between Oak Retirement and Frogmore Property. Local mayor, councillor Geoff Fazackerley, and Oak Retirement founder, former health minister, Dr Stephen Ladyman, joined Midas on the site as the team began work on the ambitious multi-million-pound development in Titchfield near Fareham.

The retirement complex, includes a restaurant, café, cinema room and meeting rooms and 86 flats, town houses and bungalows.

The £20 million scheme, designed by architects Marchese Partners, is being constructed alongside the site of a future country park for people of all ages to visit and enjoy. The 39-acre parkland site is being gifted to Fareham Borough Council, by Frogmore and is about the size of 20 football pitches.

Stephen Ladyman, director of Oak Retirement, said: “As the population ages we need top-quality specialist housing for older people to buy, designed to help them maintain their independence. It is also important that there are services provided on-site to support people if and when they find they need extra help. That is what Friary Meadow will offer and why the Council and the local community have supported its development.”

Peter Whitmore, divisional director for Midas Construction, said: “This is a really large and exciting development for Midas and one that will have a hugely positive impact on the whole community. The scheme really mirrors the Midas core aim of investing in and leaving a lasting legacy in the places we live and work. The whole team is looking forward to getting on site next month and helping to transform this area, while protecting local green spaces and offering a central hub for young and old to enjoy.”

Whitmore added that there were some exciting, local, elements for the Midas team to tackle, including reinstating an original right of way path and draining water away from the saturated land and into a couple of nearby lakes.

The whole development is due to take approximately 78 weeks and will include a large workforce of 150 people alongside a core group of apprentices who will benefit from hands-on experience of working on such a large scheme.


Related topics

Related articles

Latest Deal Ticket

view more
Hydrock (Bristol)
has been acquired by
Stantec
May 2024
UNDISCLOSED
Who's behind the deal?

Upcoming events

view more
06
Jun

South Coast Property Awards 2024

Hilton Southampton
Utilita Bowl
More info
12
Jun

Leadership Roundtable: Developing strategies for financial returns over the next decade

Herrington Carmichael, Farnborough Aerospace Centre, GU14 6XR

More info
18
Jul

Thames Valley Tech & Innovation Awards 2024

Reading FC Conference & Events
Select Car Leasing Stadium, Reading
More info
26
Sep

Thames Valley Property Awards 2024

Ascot Pavilion
Ascot Racecourse
More info
03
Oct

South Coast Tech & Innovation Awards 2024

Hilton Southampton
Utilita Bowl
More info
07
Nov

Thames Valley Deals Awards 2024

Reading FC Conference & Events
Select Car Leasing Stadium, Reading
More info
21
Nov

Hampshire Business Awards 2024

Farnborough International
Exhibition & Conference Centre
More info

Related articles