Balfour Beatty has started construction of a £31m residential village for the over-55s in Exeter.
The Millbrook Village project for Renaissance Villages and Helical Bar will have luxury cottages and apartments as well as a residents’ clubhouse with a private restaurant, bar and swimming pool.
Balfour Beatty said that 90% of the 120 construction roles on the project will be secured from the local area.
The project is designed to be highly sustainable. Each dwelling will have air-source heat pumps that will recover and recirculate heat from the development, minimising energy bills for the residents. All communal hard-standing areas will be created using recycled material from the former St Loye’s Foundation building. Local ecology has also been considered with a bat house installed to maintain the habitat they had in the previous buildings.
Iwan Jones, managing director of Renaissance Villages said: “It’s great to be able to get underway with the construction of what is a major long-term investment for us. Exeter is the third of our luxury villages and we’re very confident in the location and strength of the local property market in what is an improving but challenging economic climate.”
The first phase of the properties will be ready for occupation in summer 2014.