DAC Beachcroft advises on retirement village deal in Aberdeenshire

Ameeta Panesar

The Scotland real estate team at DAC Beachcroft has advised Liberty Retirement Living (Chapelton) Limited on the acquisition of a site in Aberdeenshire, which closed at the beginning of September.

The site is to be developed as a bespoke retirement village, which will house self-contained apartments as well as a range of one and two-storey cottages. The development will offer high-end services onsite to residents, including a brasserie, leisure facilities, scheduled transportation and 24-hour support and care.

DAC Beachcroft’s team, led by Ameeta Panesar, has been retained by Liberty and is now working alongside the client on the development and sale of 94 plots at the site.

The team will continue to assist Liberty with the project, where prospective purchasers can attend to hear more about this exciting new development, the first of its kind in Scotland.

Ms Panesar said: “We are delighted to be involved in this unique offering in the Scottish market place, and to have been retained to assist Liberty with their plot sales in 2018.”

Karl Hallows, director of development and sales at Liberty Retirement Living, said: “Securing the site at Chapelton for Liberty Retirement Living’s latest development is a huge milestone for the business.

“We are proud of our unique village concept, which promotes independence by enabling over 55s to own their homes whilst maintaining an active and healthy lifestyle as part of a community of likeminded people. We look forward to working with DAC Beachcroft on this development.”