24th February 2020
St Monica Trust acquires brownfield site for extension to Chocolate Quarter
The St Monica Trust, advised by Alder King, has acquired a 0.5 acre brownfield site at Somerdale in Keynsham for an extension to its Chocolate Quarter retirement village. The site was acquired from Taylor Wimpey for an undisclosed sum.
Alder King’s planning team and KWL Architects have now been retained to secure planning permission for a scheme of approximately 36 retirement apartments.
The team has already conducted extensive pre-application consultations with Bath & North East Somerset Council to inform the planning application which will be submitted later this year.
Ben St Quintin, partner at Alder King, said: “The St Monica Trust has created a unique and hugely successful mixed use development at The Chocolate Quarter, with assisted living apartments, a care home and an impressive range of retail and leisure facilities which are open to the local community and wider public.
“This off-market transaction now provides the Trust with the scope to expand its retirement living provision and we look forward to playing our part in bringing forward this latest phase.”
The site is on Trajectus Way situated between The Chocolate Quarter and the Somerdale Pavilion.
Womble Bond Dickinson provided legal advice to The St Monica Trust.