Audley Retirement’s CEO moots an IPO in 2018
The boss of the retirement property company Audley Retirement has mooted a potential IPO for 2018.
The flotation would value the company at hundreds of millions of pounds.
He said the current market was also an opportunity for Audley to move into the London. Previously, London was so overheated that Audley couldn’t get a look-in – but as the market has cooled due to the EU referendum, Sanderson said Audley is exploring building luxury retirement accommodation in the capital.
Audley owns 12 retirement villages at the moment, and manages two others, providing 1,000 homes for the over-65s. The company wants to double that number over the next five years, using funds totaling £600m.
The housebuilder intends to take advantage of the expected 70 per cent increase in the population of over-65s in the UK by 2037, offering downsizing options for those who need it – simultaneously opening up homes for young families climbing the property ladder.