Inspired Villages Group (“IVG”), an operator and developer of later living accommodation established by Legal & General in August 2017, announces its ambitious recruitment programme for 2018 making it the fastest growing company in the later living housing sector.
13 Feb 2018
Following the acquisition of Renaissance Villages in November 2017, IVG’s property portfolio grew significantly reaching around 1,000 homes. This rapid expansion provided the impetus for a significant recruitment campaign for its management team and in all six villages over the next 12 months.
Kick starting the recruitment campaign were the appointments of Shaun Whelan and Bernadette Koltai who have joined the IVG management team as Commercial Director and Head of Marketing, respectively. Shaun brings over 25 years of commercial experience across a variety of residential, leisure and retail developments. Bernadette brings global marketing expertise from the luxury hotel industry, allowing the business to continue to take a fresh approach to the positioning of later living housing.
IVG has ambitions to increase the number of apartments in its property portfolio to 3,500 bringing its vibrant, service-led later living communities to locations all across the UK. To support this portfolio growth and the forthcoming opening of facilities at existing sites, including; wellness centres, restaurants, libraries and cafes, IVG will be recruiting for a wide breadth of roles to complement the diversity of skills and experience in the current team.
Jamie Bunce, CEO of Inspired Villages Group, comments: “This year’s recruitment campaign will support our national growth ambitions for the Inspired Villages property portfolio. Through the provision of more villages we can continue to make a positive impact on the later living sector. By offering over 65s the opportunity to move into an Inspired Village and creating a community with a wellness focus, we can provide a better quality of life for our residents which, in turn, will lead to a reduction in NHS costs and GP visits.”
Phil Bayliss, Head of Later Living at Legal & General Capital, added: “Legal & General’s investment into this sector is a game changer – working with a best in class management team who have the track record of delivering high quality, positive later living communities, we can use our long term money to bring the necessary scale of supply to what is the most underserved sector of the housing market. Our recruitment drive reflects this ambition. Complementing the existing team’s skills, we are now looking to attract a talented customer and delivery focused staff that can help us to meet the needs of an aspirational generation that are living life to the full and expect the very best facilities and services.”
Inspired Villages Group is a best in class operator and developer of later living accommodation. Creating safe, secure, social and comfortable village environments in which residents can celebrate the freedom of later life with flexible care arrangements, Inspired Villages offer an outstanding lifestyle choice for people whose existing homes no longer suit their needs.
It is backed by Legal & General and has a total of six village schemes, which are located in Warwickshire, West Sussex, Devon, Cheshire and Hampshire. With Legal & General’s long term financial support, Inspired Villages will continue to acquire several sites per year. Creating vibrant villages on the edge of and within the UK’s towns and cities, it is looking to build where people want to live, close to family, friends and facilities.
Its philosophy is to create beautiful homes, unique environments and thriving communities that are age appropriate and can support people in making the most of their wellbeing as they move through later life. The Chairman, and vision behind Inspired Villages, is Keith Cockell, who brings decades of experience in the conception and creation of retirement communities across the UK. The senior management team is headed by CEO, Jamie Bunce with the core management team in place to develop and operate a significant number of new communities across the UK in the next few years.
Legal & General in Housing
A natural evolution and fit for its multi-tenure housing investment strategy, Legal & General has been involved in supply side housing activities for nearly 20 years. These include:
It is also a significant investor in social housing, care homes and student accommodation. This holistic approach provides Legal & General with the mechanisms to deliver high quality returns throughout market cycles by pivoting investment to where the need is greatest.
Phil Bayliss, Head of Later Living at Legal & General Capital:
Complementing the existing team’s skills, we are now looking to attract a talented customer and delivery focused staff that can help us to meet the needs of an aspirational generation that are living life to the full and expect the very best facilities and services.
Notes to editors
Legal & General Capital (LGC) is Legal & General Group’s alternative asset platform, creating assets for Legal & General Retirement and third-party clients in order to achieve improved risk-adjusted returns for our shareholders. LGC has built its capabilities in a range of alternative sectors, including in residential property; specialist commercial real estate; clean energy; alternative credit; and venture capital, which are all supported by long-term structural growth drivers, meet a financing gap and respond to a scarcity of supply that is underpinned by enduring societal needs.
Its purpose is to invest society’s capital for society’s benefit. Investing in the real economy and supporting the Group’s focus on climate and inclusive capitalism, LGC’s investments create jobs, change lives and contribute towards a net zero carbon future.
Legal & General has invested over £29bn in levelling-up regional economies, including through major UK-wide regeneration schemes and has recently made a commitment to enable all its new homes to operate at net zero carbon emissions from 2030.
(As of June 2021)
Established in 1836, Legal & General is one of the UK’s leading financial services groups and a major global investor, with international businesses in the US, Europe, Middle East and Asia. With almost £1.3 trillion in total assets under management*, we are the UK’s largest investment manager for corporate pension schemes and a UK market leader in pension risk transfer, alternative asset origination, life insurance, workplace pensions and retirement income. Through inclusive capitalism, we aim to build a better society by investing in long-term assets that benefit everyone.
* at 30 June 2021