A flagship later living development in Buckinghamshire is set to progress following the agreement of a £30m finance facility from Paragon Bank.
The funding will support SME developer Beechcroft in the construction of 95 assisted living apartments for residents over 55 at Wilton Park in Beaconsfield. This marks the second collaboration between Beechcroft and Paragon Bank for development finance, enabling construction to begin imminently.
The first apartments are scheduled for sale in winter 2026, with full completion expected by 2028. The scheme forms part of a broader Wilton Park masterplan, which will also feature a 75-bed nursing home, open market housing, a nursery, a café, and sports pitches for local use.
Set on Gorell Road, Wilton Park spans over 75 acres of landscaped parkland, roughly a mile from Beaconsfield town centre, with convenient access to shops, restaurants, and other amenities.
Oliver Powlesland, senior relationship director at Paragon Bank, said: “Wilton Park is a landmark later living development for the Beaconsfield community, and we’re thrilled to be supporting the Beechcroft team for the second time, after backing their previous scheme in Ascot.
“Later living schemes like Wilton Park provide tangible social and health benefits and a real sense of community for residents, and with an ageing population, we imagine demand for homes like these will only continue to grow. Our continued relationship with the Beechcroft team gives us confidence in their vision and delivery, and we look forward to seeing this community take shape.”
Chris Thompson, managing director at Beechcroft, added: “This scheme will set a new benchmark for quality in the later living sector in Beaconsfield and we are incredibly proud to be helping provide a solution to the region’s housing shortage, with support from the Paragon team. Paragon’s flexible approach and understanding of the later living sector have been invaluable throughout the planning process.”
