Isle of Wight-based property developer Priory Asset Management has secured planning to build two extra care housing schemes in Maghull and Southport.
PAM will deliver the Merseyside developments comprising of one and two bed apartments, three bed penthouses, independent living lodges and town houses. They're calling them 'homes for life', and they will be exclusively for people aged over 55. PAM agreed to allocate 30% of units for affordable housing across both the sites.
The developments will feature spas, large green spaces, restaurants and activity suites.
The use of air source heat pumps, combined heat and power units and sustainable urban drainage systems is included, as is the introduction of electric car clubs to reduce the sites overall carbon footprint in order to meet local councils targets for the use of renewable energy on site.
Stuart Grundy, senior member of PAM, said: "Between the two sites, we are effectively stimulating the economy to a sum in excess of £500m and are going to be generating hundreds of jobs both during construction and once operational.
"Having worked with Sefton Council and being based on the Isle of Wight, we are perfectly positioned to speak with local authorities across the country and are already exploring new sites to add to the portfolio."
As part of a joint planning application, the second site in Southport will see David Wilson Homes developing the 650 homes, 126 extra care and independent living units, plus a 44-bed specialist respite and dementia suite.
PAM's design team includes WYG, Capita and JM Architects. The company has been fully operational since January 2011 and has recently become a Local Partner to the Ecoisland Partnership CIC.