An artist’s impression of the new care home in Surbiton

Elevation Advisors LLP has announced that Signature Senior Lifestyle has completed the debt financing and construction agreements to support the development of three wholly-owned sites into new senior living communities within the Greater London area.

Signature is a best-in-class developer and operator of 10 award-winning senior care communities in and around Greater London, totalling 878 high-quality apartments and large studios with nurturing environments for residents, staff, and communities.

Strategically located in the high-demand areas of Enfield, Surbiton, and Hornchurch, the three new purpose-built sites will add around 90 beds to their respective markets and each will provide 110 new jobs to the local community.

The all-wetroom, high-quality assets are built with longevity in mind and will mirror the high standard of Signature’s existing homes.

Work on the new developments is now underway and they are due to open in 2026.

Work is underway on the three new homes, including one in Hornchurch (pictured)

The homes contribute positively to the Signature’s ESG strategy and are targeting an EPC rating of ‘A’ and a BREEAM New Construction rating of ‘Very Good’, evidencing high-quality specification, design, and build processes.

Solar panels will be installed on all sites to their maximum capacity to deliver onsite energy generation and the buildings will meet the latest regulations in terms of fire safety sprinkler systems.

The sites will also benefit from air source heat pumps for space heating and hot water supply, energy and water efficiency technology, and large green and outdoor spaces to enhance biodiversity and the wellbeing of residents, staff and visitors.

Kay Cox, chief executive of Signature Senior Lifestyle, said: “The Signature brand is synonymous with exceptional later living lifestyle and care.

“We will be building on this expertise to ensure our three new homes go even further in delivering the later living lifestyle dreams of older people in Enfield, Surbiton, and Hornchurch, and to set new standards for elegance, comfort, and service.

“Like our existing homes, all three will continue to champion safety, transparency, and accountability through our ongoing investment in safety monitoring technology, and how we use this technology to drive personalised care and mentoring for residents and colleagues.”

Elevation was supported by Natwest and Virgin Money in financing the new developments.

Simon Webster, partner at Elevation, said: “We are delighted to continue our partnership with Signature, Virgin Money, and NatWest and support the next phase of their growth.

“These sites, in sought-after locations around London, will fulfil the market need for modern assets that make a positive contribution to their communities.

“Furthermore, a strategy to implement identified opportunities that further improve the environmental sustainability of Signature’s current operating homes is being rolled out across the already high-performing portfolio.”

A third home is being built in Enfield