The retirement village concept is still in its infancy in Southern Europe. Retirement villages in the US, Australia and South Africa have existed for some time. Spain is one of the southern European markets (together with France) where the retirement villages concept has been established for some time. Although the number of retirement developments is still small, it is nonetheless larger than many other southern European markets. Quality retirement locations, designed specifically for seniors and operating a range of independent and care options, are often of substantial size, between 50-200 beds or offering independent living of several hundreds of independent units (typically apartments).

Unfortunately, on the Costa del Sol, because of the topography, some of the senior villages are in remote locations and/or inaccessible due to the way in which the mountains are located directly on the coast. Mobility and accessibility are therefore a challenge, although the larger villages have implemented regular shuttle transportation. On the Costa Blanca, the situation is very different as many more locations are flat and offer better accessibility.

Most independent (non-care) long-term senior locations operate an exclusively sales-based model, although a rental model is possible when units are offered by investors. However, due to the limited availability, it is rare to find senior villages available for sale to the general public, with most purchasers coming from a 55+ demographic.

Established retirement communities take time to build. However, due to the 2008-9 crisis in Spain, a number of projects were completed but never operated, or abandoned in an advanced phase. There is an excellent opportunity for investors in this sector to partner with us to purchase senior living projects at substantially discounted prices.

With the help of an increasing number of guests and residents, our aim is to gradually create communities in a number of locations across the Costa Blanca, Valencia and Costa del Sol region. We will encourage new residents to gravitate towards locations where like-minded people of a similar age already live. We believe strongly that this model will achieve the best balance between continued independence and a sense of community. We have identified a number of sites where vibrant, active senior communities could be created.

Example future senior living project

As an example, our business is participating as an investor and manager of the first coastal independent living project for expatriate retirees, located in Iberia. Please see http://www.luz-living.com/.

Investor opportunities

Our business is also working with several potential sites, either in an advisory, design or future management capacity, to ensure that we remain at the forefront of senior living options in the region, over the medium to long term. This coverage extends to our subsidiary business in Spain.

Any investors or partners involved in this area should feel free to contact us to discuss potential synergies. We also encourage contact from appropriate projects or potential projects in this sector.

We currently have a half dozen senior or retirement living project investment opportunities in Portugal, ranging from €1 to €5 million, and several larger opportunities in our Spanish business. Contact us if you are an investor looking for annualised ROI of 15-20% and ROC of 40-100%.

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On (+44) 208 144 7558 (UK), (+351) 965 683 054 (Portugal) or (+46) 855 922 345 (Sweden)

to see how we can help you achieve your dreams