Castle View Windsor will be the first urban retirement development under the group’s Castle Retirement Living brand and will provide 130 homes for the over-55s.

The project is valued at £50m with £35m of funding being raised by Castle Retirement Living.

This comprises £25m debt and £10m from a consortium of pension fund investors backing the care home.

Castle Retirement Living will be retaining the completed development as well as running the operation business.

Construction is now underway with the development set to be ready for occupation in autumn 2018.

Robin Hughes, managing director of Castle Retirement Living has been masterminding the development using his 25 years of experience in investment, development and care-related projects.

“The successful funding of Castle View is a much-needed injection of investor confidence in a sector which has traditionally struggled to attract funding.

“This is a fantastic long-term opportunity for our investors in one of the largest retirement villages of its kind in the UK in a prime urban location and close to all local amenities and shops, just one mile from Windsor Castle.”

Castle View Windsor will offer some of the best views of Windsor Castle from its rooftop sky lounge, bar and garden, while also offering secure underground parking, a coffee shop and restaurant.

“Having closely researched the area, there is nothing of this quality in the later-life market in Windsor,” Robin added.  

“Our scheme will deliver something substantially better given the final specification and centrality of the site which we have assembled.”