LifeCare ruling is blow to retirement sector

Gondar Gardens, West Hampstead

London scheme rejected for not factoring ‘event fees’ into affordability calculation.

A planning inspector rejected LifeCare Residences’ plans for a £97m scheme comprising 81 ‘extra care’ flats and 15 care home beds in Gondar Gardens in West Hampstead, citing concerns about its impact on the environment and a lack of affordable housing provision.

Inspector Brendon Lyons’ conclusions on ‘event fees’ – charged when residents leave and used to help pay for services and amenities – are of particular concern for the industry. These fees, otherwise known as deferred management fees, have previously not been considered relevant to affordable housing calculations.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article

Registration includes the following benefits:

  • Access up to four FREE articles per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Four articles not enough? SUBSCRIBE for unlimited access to over 100 weekly articles and our comprehensive archive. For as little as £5 per week.

Registered users and subscribers SIGN IN here to continue