Chronological coverage updated 10th September 2026 13:05.
Update 1 · 10th September 2026
Paragon Development Finance provides £44.8m facility for Shenley over-55s community
Paragon Development Finance has provided a £44.8 million loan facility to support housebuilder Beechcroft in developing an 88-home later living scheme in Shenley, Hertfordshire. The transaction represents the fourth scheme funded through the ongoing partnership between the lender and developer. Sources: propertyreporter.co.uk.
Paragon Development Finance structured a £44.8m development facility covering land acquisition and construction for an 88-home community. — according to propertyreporter.co.uk, as reported by propertyreporter.co.uk.
The funding supports the acquisition of the London Road site, which was completed in June 2026, alongside the construction of apartments and houses tailored for the over-55s, alongside integrated affordable housing. Construction work is expected to commence later in 2026, with initial property launches targeted for late 2027. Sources: propertyreporter.co.uk.
Located 16 miles north-west of central London near Borehamwood and Radlett stations, the development will offer independent living amenities including a communal lounge, guest suite, lift access, private outdoor balconies or gardens, and an on-site estate manager. Sustainability infrastructure includes air source heat pumps and electric vehicle charging points. Sources: propertyreporter.co.uk.
According to propertyreporter.co.uk, Oliver Powlesland, senior relationship director at Paragon Development Finance said: “Shenley is a well-established and highly desirable location, with a rich sense of local character. Developments that combine high-quality design with an attractive setting continue to see strong demand, particularly among buyers seeking homes that are better suited to their changing lifestyles.”.
Official figures from the Office for National Statistics indicate Hertfordshire contains more than 216,000 residents aged 65 and over, creating demand for age-targeted housing developments. Sources: propertyreporter.co.uk.
- Beechcroft secured £44.8m to fund an 88-home over-55s scheme in Shenley, Hertfordshire.
- The site acquisition completed in June 2026, with home launches expected in late 2027.
- The project incorporates air source heat pumps, electric vehicle charging, and landscaped gardens.
Sources: propertyreporter.co.uk