Paragon Bank has agreed a £30m development finance facility with Beechcroft to support the delivery of 95 assisted living apartments for over-55s at Wilton Park in Beaconsfield, Buckinghamshire.
The deal marks Beechcroft’s second development partnership with Paragon.
Construction is set to begin imminently, with the first homes expected to be available for sale in winter 2026 and full completion anticipated in 2028.
The scheme forms part of a wider masterplan that will also include a 75-bed nursing home, open-market housing, a nursery, café and sports facilities.
The Wilton Park development will comprise 95 apartments built to Beechcroft’s ‘Healthihouse’ specification, including en-suite bathrooms, anti-bacterial finishes on high-touch surfaces, non-porous worktops, easy-clean bathroom panelling and whole-house filtered ventilation.
Residents will also have access to communal gardens, underground parking, EV charging points and a residents’ lounge.
The site spans more than 75 acres of landscaped parkland around a mile from Beaconsfield town centre, close to amenities, transport links and areas of natural beauty such as Burnham Beeches and the Chiltern Hills.
With Buckinghamshire facing a significant housing shortfall and an ageing population, the development aims to meet growing later-living demand while freeing up family homes for the wider market.
The deal was led for Paragon Bank by senior relationship director Oliver Powlesland, with support from portfolio manager Amanda White.
Powlesland 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, said: “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.”
