Matt Spanner Recommended for … McCarthy and Stone shareholders approve £650m takeover bid. When the country went into lockdown earlier this year due to COVID-19, many of us struggled to maintain our active lifestyles. Shares in McCarthy & Stone, which has properties across Scotland, jumped on the announcement to 117p - above the share offer of 115p per share. McCarthy’s shares were trading higher than … By. Deven Pamben - 11th November 2020. The company said the slowdown was due to elderly customers being 'cautious' about moving. The board of Bidco - a wholly-owned indirect subsidiary of Lone Star Real Estate Fund VI - made the offer today. Shareholders in McCarthy & Stone have voted in favour of a takeover offer which values the specialist housebuilder at about £647 million. Facebook. Another wrote: “There is no need for more retirement apartments in the Waterside area as there are empty apartments in Ewart Court, opposite the proposed site, as well as empty apartments both next door to the Shell garage and next door to the doctors surgery in Dibden Purlieu. McCarthy and stone first of all gave us a fair deal on the part exchange. Now in our senior years life was changing for us. McCarthy & Stone predicts continued difficulties for retirement housing. McCarthy and Stone [LON:MCS] has published a trading update for the full year. The listed builder of … Moving to McCarthy & Stone has been a great experience, she says it's like living in a 5* star hotel, all she'd dreamt of in retirement and she is fully recovered and in better health than before the fall, for me and my sister it has been such a relief, a huge weight off our minds and we can sleep easy knowing she has the call monitoring system and is safe and secure. by Press Association. Alex McCarthy has had to get used to spending more time at home this year, but nothing is more important to Southampton’s No. John Tonkiss, McCarthy & Stone chief executive . McCarthy & Stone, the retirement homes builder, saw its US bidders up their £630 million offer to £647 million — from 115p a share to 120p. McCarthy & Stone said the increased offer, which represents a 3.6% premium to its stock's closing price of 115.8 pence on Friday, would help it continue growing its shared ownership offering and access finance from private capital. McCarthy & Stone also noted it has seen fewer new sales releases in the year due to the disruption caused by Covid-19. The company received a buy-out offer from a private equity house in late October, which caused some consternation given the historical performance of the company. 35K likes. We made a really excellent choice of choosing McCarthy and stone. McCarthy & Stone Resales - Steve Grist & Carol in Falmouth We have been involved in moving my mum down to Falmouth Cornwall after the death of her partner and I contacted McCarthy & Stone Resales to view a flat in Trelawney House, the most recent McCarthy & Stone venture in the town. McCarthy & Stone, which buys land and then builds, sells and manages retirement homes, has been hit by the pandemic as the property market basically came to a halt during lockdown. The move was made very easy and our apartment is beautiful. In a trading update, developer and manager of retirement communities McCarthy & Stone … These cookies are necessary for the McCarthy & Stone website to function. McCarthy & Stone is not immune to problems that could arise due to economic uncertainty. Though these cookies cannot be switched off, you can set your browser to block or alert you about them, but please be aware that this will stop some parts of the website from functioning as intended. McCarthy & Stone Plc said on Monday a final offer from a unit of private equity firm Lone Star Funds raised the value of the retirement-home builder by 17 million pounds to 647 million pounds. Twitter. 5:07. ‘At McCarthy and Stone, we’re 40 percent down Q4 2019 vs Q4 2020 on net reservations, and with a national lockdown in place the market is expected to remain challenging,’ she tells IR Magazine. McCarthy & Stone, which is in the middle of being bought by US private equity giant Lone Star, said in a trading update for the year to the end of October that completions had slumped to just a third of their 2019 level, and that current trading was increasingly being affected by rising covid-19 infection rates and government lockdown measures. However, lockdown was no match for one resident at McCarthy and Stone’s Pinnoc Mews Retirement Living development in Exeter, w… mccarthyandstone.co.uk. Pinterest. McCarthy said the pandemic caused "significant" disruption to the business during the year, leading to nationwide closures of construction sites and sales offices during the first lockdown. McCarthy & Stone said revenues had fallen from £725m to about £197m in the year to October 31. McCarthy and Stone’s plans for its retirement village will feature a range of integrated housing options across different tenures, including apartments and age-specific bungalows. The Group buys land and then builds, sells and manages high-quality retirement developments. McCarthy and Stone’s previous plans were rejected after being likened by one councillor to a prison. All comparatives are for the 14 months financial year ended 31 October 2019 ('2019') unless otherwise stated. McCarthy & Stone - the UK’s leading developer and manager of retirement communities. She decided to downsize into a one bedroomed apartment, a much smaller environment but soon adapted into the smaller living space. The owners of McCarthy and Stone have voted for a plan which would see the company taken over by a US private equity firm. McCarthy & Stone plc – Half Year Results 15 Jul 2020 McCarthy & Stone (the ‘Group’), the UK's leading developer and manager of retirement communities, announces its financial results for the six months ended 30 April 2020 (2020). 08/12/2020, 9:33 am. That remains on the table and it means that the company hasn’t found any support off upbeat market sentiment this week. 1-min read. 1 than family life. WhatsApp. My mother decided to move into a McCarthy and Stone home just over 2 years ago, after living alone in a large property which had become difficult to maintain and expensive to run. Retirement housebuilder McCarthy & Stone on Wednesday said it has offered the Government 300 apartments to use as the coronavirus crisis intensifies. The retirement housing market remains difficult due to rising Covid-19 infection rates and lockdown measures. When business resumed – Ann picked up the reservation and suggested that the property could be marketed with The New Homes Group. UK retirement housebuilder McCarthy & Stone has agreed to be taken over by a US private equity group in a cash deal worth £630m.. Exeter Retiree Kept Up the Pace During Lockdown. Examples of this include setting your privacy preferences or filling in forms. Portsmouth By bus in 1963 - Duration: 7:58. It was very hard leaving what was our home behind. All comparatives are to the prior year deemed equivalent six-month period ended 28 February 2019 (2019) unless otherwise stated. McCarthy & Stone. It has built and sold more than 58,000 properties across more than 1,300 retirement developments since 1977 and is renowned for its focus on the needs of those in later life. McCarthy & Stone Resales - Steve Grist & Carol in Falmouth We have been involved in moving my mum down to Falmouth Cornwall after the death of her partner and I contacted McCarthy & Stone Resales to view a flat in Trelawney House, the most recent McCarthy & Stone venture in the town. The owners of McCarthy and Stone have voted for a plan which would see the company taken over by a US private equity firm. McCarthy and Stone kept in touch through out the lockdown knowing that I lived on my own and had interest in Augustus House. McCarthy & Stone plc FY20 Trading Update McCarthy & Stone, (the 'Group') the UK's leading developer and manager of retirement communities, is today issuing a trading update for the financial year ended 31 October 2020 ('2020'). The listed builder of retirement homes said that nearly 80% of votes had been cast in favour of the proposal. 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