Octopus to sell retirement development to Macc Group

Octopus to sell retirement development to Macc Group

Octopus Real Estate has agreed to sell a proposed retirement community development in Solihull to operator Macc Group.

Octopus has been granted detailed planning permission to convert the existing Grade II* listed Tudor Grange House and surrounding grounds to create 44 assisted living units and 64-bed care home.

Ashley Heath, Octopus Real Estate development director, said: ‘Tudor Grange House was the former stately home and grounds of Sir Alfred Bird of Bird’s Custard fame. The building and its surroundings are steeped in local history, and as such we always felt it would make an outstanding retirement community. We are delighted that Macc Group will realise this vision and we wish them every success with the development.’

A Macc Group spokesperson said: ‘Solihull has been a key acquisition target for us for some time now and Tudor Grange has proven to be an exciting opportunity for us to expand our operations. It is our intention to deliver and operate a market leading, heritage led development, which Solihull and this beautiful site deserves.’

Property consultancy Carterwood completed the deal on behalf of Octopus.