Signature Develops New Homes in Surbiton, Hornchurch and Enfield

21 October 2024 – Signature Senior Lifestyle in partnership with Elevation Advisors LLP is pleased to announce that it has completed the debt financing and construction agreements to support the development of three wholly owned sites into new senior living communities within the Greater London area.

Signature Senior Lifestyle is highly regarded as a best-in-class developer and operator of 10 award-winning senior care communities in and around Greater London, totalling 878 high-quality apartments and large studios with elegant, nurturing environments for residents, team members and communities.

Strategically located in the high-demand areas of Enfield, Surbiton and Hornchurch, the three new purpose-built sites will add circa 90 beds to their respective markets (total 270 beds) and each will provide circa 110 new jobs to the local community. The all-wetroom high-quality assets are built with longevity in mind and will mirror the exceptional standard of Signature’s existing homes.

The new developments are now underway and are due to open to residents in 2026. The homes contribute positively to the Signature’s ESG strategy and are targeting an EPC rating of A and a BREEAM New Construction rating of Very Good, evidencing high-quality specification, design and build processes. Solar panels will be installed on all sites to their maximum capacity to deliver onsite energy generation and will meet the latest regulations in terms of fire safety sprinkler systems. The sites will also benefit from air source heat pumps for space heating and hot water supply, energy and water efficiency technology, and large green and outdoor spaces to enhance biodiversity and the wellbeing of residents, team members and visitors.

Kay Cox, Chief Executive Office, Signature Senior Lifestyle commented: “The Signature brand is synonymous with exceptional later living lifestyle and care, and we were so proud when our most recent home, Signature at Highgate, was named Knight Frank’s Luxury Care Home of the Year. We will be building on this expertise to ensure our three new homes go even further in delivering the later living lifestyle dreams of older people in Enfield, Surbiton, and Hornchurch, and to set new standards for elegance, comfort, and service. Like our existing homes, all three will continue to champion safety, transparency and accountability through our ongoing investment in safety monitoring technology, and how we use this technology to drive personalised care and mentoring for residents and colleagues. We are hugely grateful for the ongoing support of Elevation and our partners at Natwest and Virgin Money, and we look forward to welcoming new residents and colleagues to these homes in 2026.”

Craig Ambler, Senior Director, Virgin Money said: “We are absolutely thrilled to continue to our relationship with Signature and Elevation by funding the development of two new care homes. All Signature homes combine fantastic care and hospitality with exceptional settings. sWe look forward to seeing these homes open in 2026 creating more local jobs and further addressing the care provision shortfall.”

Ashleigh Dorrington-Harvey, Director, Healthcare & Life Sciences at NatWest commented: “NatWest continues to be dedicated to the healthcare sector, including supporting leading operators in the elderly care space such as Signature. We are delighted to have supported their latest purpose-built, 92- bed care home development in Enfield with a development facility”.

Simon Webster, Partner at Elevation said: “We are delighted to continue our partnership with Signature, Virgin Money and NatWest and support the next phase of their growth.  These new sites, in sought-after locations around London, will fulfil the market need for modern assets that make a positive contribution to their communities. Furthermore, a strategy to implement identified opportunities that further improve the environmental sustainability of Signature’s current operating homes is being rolled out across the already high-performing portfolio.”