Killenard Retirement Village - CARE HOME WITH SPECIALIST DEMENTIA CARE UNIT LUXURY INDEPENDENT LIVING HOUSES ASSISTED LIVING BUNGALOWS ...
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Killenard Retirement Village
Keane Developments --- Excellence by Design
• CARE HOME WITH SPECIALIST DEMENTIA CARE UNIT
• LUXURY INDEPENDENT LIVING HOUSES
• ASSISTED LIVING BUNGALOWS
• VILLAGE SQUARE
Killenard Retirement Village
Keane Developments --- Excellence by Design
Killenard Village
Located in the scenic Co. Laois countryside,
2 miles off the M8 motorway, 45 minutes
drive from Dublin, lies, the beautiful village of
Killenard.
Portarlington is a mere 5 minute drive and
Ireland’s fastest growing town, Portlaoise, is
only 15 minutes away. The train service from
Portarlington is excellent as it is serviced
from both the south and west. The train time
to Dublin is 35 minutes, Cork is 2 hours and
Galway just 1 hr 40 minutes.
Killenard Village underwent a major
transformation in the early 2000s with the
development of the renowned Heritage Golf
Resort & Hotel Complex.
This complex, which includes the 5* Heritage Hotel & Spa , Heritage Golf Course,
Seve Ballesteros Natural Golf School (including par 3 course), Apartments,
Houses etc was developed solely by Tommy Keane.
Detailed information on these developments can be found at;
www.heritageresort.ie | www.theheritage.com
Killenard Retirement Village
(KRV)
The original Heritage complex had
included the concept of a Retirement
Village/ Care Home, however, the
financial crisis led to the shelving of the
proposed development.
In January 2016, Tommy Keane decided
that the time was right to resurrect
the plan and therefore has acquired
an almost 40 acre site, adjacent to the
world class Heritage Hotel and Golf
course complex.
Killenard Retirement Village
Keane Developments --- Excellence by Design
The Vision
To offer residents a “Continuum of Care” in a safe, secure and friendly
environment, respecting individuality whilst fostering a sense of community.
To provide a choice of flexible care models, which adapt as resident’s care needs
change.
The Promoter, Tommy Keane, put together a team to develop his vision;
Maurice Harrington - Project Development Coordinator
Eamon Larkin - Milligan Reside Larkin Architects
Morgan Kilgallen - Kilgallen & Assoc- Consulting Engineers
Gerry Gibson - Planning Consultant
Aidan Egan - Milne O’Dwyer- Auditors & Accountants
MJ Turley - Chartered Quantity Surveyor
The Concept
The brief was to design and develop a luxury Retirement Village incorporating a
Care Home, Assisted Living Bungalows, Independent Living Houses and a Village
Square (Leisure Centre, Consulting Rooms, Pharmacy and Bar/Bistro)
The design team was enhanced when a consultancy agreement was reached
between the Promoter and Passage Healthcare International (Irl) Ltd, This
agreement brought to bear Passage Healthcare’s vast experience in Design,
Construction, Financing and Operating Retirement Villages and Care Homes
around the world.
Further information on Passage Healthcare is available in the attached brochure
or at www.passagehealthcare.net
This collaboration has led to the design, of what the team believes, is a truly
unique offering in senior care in Ireland. Subsequently, Mr Keane and Passage
Healthcare have agreed to jointly promote the development.
Killenard Retirement Village
Keane Developments --- Excellence by Design
Development Outline
Care Home - 116 Bed (en-suite )
Assisted Living Bungalows - 40 units
Independent Living Houses - 125 units
Village Square Incl;
Leisure/Hydrotherapy Pool/Gym,
Bar/Bistro,
Consulting Rooms,
Pharmacy
Built Area
Care Home: 116 bedrooms x 23 m2 2668 m2
Ancillary Areas 3851 m2
Total 6519 m2
Assisted Living
Bungalows:
32 (2 bed) units x 85 m2 2720 m2
8 (1 bed) units x 65 m2 520 m2
Total 3240 m2
Independent
Living Houses:
125 (2/3 bed) units x 125 m2 15625 m2
Village Square: 2100 m2
Total Built Area 27484 m2
Killenard Retirement Village
Keane Developments --- Excellence by Design
Village Operation
It is envisaged that the Assisted Living Bungalows and Independent Living
Houses will be sold to individual residents.
Certain criteria, will apply to the purchasers. e.g the primary occupier must
be over 55 years of age and no children can reside on the village complex.
Furthermore, each residence will be liable to management charges.
Residents will become automatic members of the leisure and pool complex with
designated times reserved for their exclusive use. Other, on site, facilities such as
the Consulting Rooms, Pharmacy, Bar/Bistro etc will be paid for on a usage basis.
The Care Home, operated by Passage Healthcare, will provide 116 en-suite
bedrooms, including, a 20 bed, specialist, dementia care, unit.
The potential rental revenue from the Care Home, when fully operational, is in the
region of € 1,000,000 per annum. The majority of the Care Home revenue will be
guaranteed by the Irish Government under the “Fair Deal “scheme.
Village Management services will be provided by Passage Healthcare who will
also lease and operate the Village Square elements, Leisure & swimming Pool,
Consultancy Rooms and Pharmacy with the exception of the Bar / Bistro which
will be leased and operated by a professional restaurateur.
Additionally, Passage Healthcare, as a registered Care Provider, will offer tailored
Home Care Packages to Village residents to ensure that their care needs are
fully catered for. Qualifying residents will be entitled to receive state subsidies to
ameliorate the cost of this care.
Killenard Retirement Village
Keane Developments --- Excellence by Design
Investment Market
“Analysis conducted as part of this study, demonstrates that there will be a
shortfall in the number of nursing home beds of approximately 8,000 beds, the
equivalent of approximately 100 new nursing homes by 2021” Health’s Ageing
Crisis Report. BDO 2014
“In addition to national projections, the regional spread of the older population
is worth noting. According to CSO’s regional projections for population growth
from 2011 to 2031, the population aged 65 or over is forecast to increase by
approximately 86% across all regions. However, the highest increases at 137%
and 95% respectively are due to occur in the Mid-East and Midlands regions”
Irish Nursing Home Market Report DTZ Sherry FitzGerald 2015
Killenard Retirement Village
Keane Developments --- Excellence by Design
Planning Permission
Planning application has been made to Laois County Council and it is anticipated
that work will commence, on site, before year end, 2017.
Proposal
The project/ land is for sale, subject to planning permission, however the
preferred option, for the Promoters, is to participate in a joint venture, with an
investor, to complete the development.
The attached financials outline the expected return on investment together with
the anticipated development timeline.
Detailed site plans are also attached.
Email: mh@killenardretirementvillage.com Website: www.killenardretirementvillage.com
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