Opus to build two later-living villages
A new later-living developer and operator, backed by real estate funds managed by ActivumSG Capital Management, has launched as Opus, offering complete later-living at villages across England.
The Opus model offers a full continuum of care with independent and assisted living, as well as an integrated care home within each village.
Opus is developing two villages under the brand: Edgbaston Place in Edgbaston, Birmingham, and Stoneham Park near Southampton, which will collectively deliver 290 apartments and 90 care beds. Both villages are scheduled for delivery in late 2024 to early 2025.
Opus stated it has secured a number of additional sites for its development pipeline, supporting scale-up plans for the platform to develop and operate villages throughout the country.
The Opus management team, led by Paddy Brice and Paul Jackson, has more than 15 years’ experience of working together within the sector, primarily at Richmond Villages, where they led the restructuring and subsequent sale in 2013.
Brice, managing director of Opus, said: “Our vision is to bring innovation and a fresh approach to later living. We are creating communities for each stage of later life, so when residents need more support, they can stay in the Opus village community with the right level of assistance and care on site. ActivumSG will enable Opus to play a leading role in transforming the approach to later living by providing a full continuum of care in a quality setting with exceptional amenities.”
James de Lusignan, director of ActivumSG UK Advisors and head of the UK, added: “Opus is offering something new, providing first-class homes to older people, where there are currently few options available. We have an excellent senior team with unrivalled experience in the sector, which has enabled us to move forward with a strong pipeline in place and a clear ambition to be the country’s leading later-living developer and operator.”