UK retirement housebuilder McCarthy & Stone has agreed to be taken over by a US private equity group in a cash deal worth £630m.. McCarthy & Stone PLC operates as a retirement homebuilder. News and Announcements ; Michele Maatouk Sharecast News . August Graham, PA City Reporter. McCarthy & Stone continues on its journey to champion older people with the launch of a new Charitable Foundation 17 Nov 2020 McCarthy & Stone, the UK’s leading developer and manager of retirement communities, has today announced the launch of the McCarthy & Stone Foundation as the organisation continues to celebrate, champion and defend the role of older people. McCarthy & Stone chairman Paul Lester said: "The all-cash offer represents a compelling and attractive opportunity for shareholders to realise and crystallise their investment in McCarthy & Stone in the near term and also provides a meaningful premium to the prevailing share price notwithstanding the backdrop of the wider risks posed by the political and macro-economic environment. Developers McCarthy and Stone in St Luke's Road, Maidenhead have been awarded a Five Star customer satisfaction rating for the 15th year running, in an independent survey announced by the Home Builders Federation.. McCarthy & Stone. The Five Star customer satisfaction rating is the highest award any new homes developer can achieve and is only awarded when more than nine out of ten customers would … Located at the Astra Printing Site on Willand Road, the development will contain 20 one-bedroom and 22 two-bedroom Retirement Living properties designed with the over 60s in mind. 11 Nov, 2020 10:44 11 Nov, 2020 13:44. Investegate reserves the right to publish a filtered set of announcements. NAV, EMM/EPT, Rule 8 and FRN Variable Rate Fix announcements … McCarthy & Stone said revenues had fallen from £725m to about £197m in the year to October 31. Prior to the pandemic, McCarthy & Stone reported 14-month revenue in 2019 at £725m, with profit down a quarter to £43m. McCarthy & Stone completions, sales drop due to Covid-19 . (Alliance News) - McCarthy & Stone PLC on Tuesday said its shareholders had approved a GBP647 million cash takeover bid from Mastiff Bidco Ltd, … McCarthy & Stone has agreed to be bought by US private equity group Lone Star in a deal that values the retirement housebuilder at £630m. View the latest share news for MCCARTHY & STONE and LON:MCS RNS announcements, along with all the share chat by members of the Stockopedia community During this period it delivered 2,300 completions. Examples of this include setting your privacy preferences or filling in forms. Morrisons has partnered with McCarthy Stone, the UK’s leading developer and manager of retirement communities, to extend its doorstep food delivery service to its homeowners. A new McCarthy Stone development has had planning approved in Cullompton. The board of Bidco - a wholly-owned indirect subsidiary of Lone Star Real Estate Fund VI - made the offer today. 8 December 2020, ... McCarthy’s board first revealed on October 23 that it had reached a deal with Lone Star that it was willing to recommend to shareholders. McCarthy & Stone has stopped building and cut its top people's pay by 20% to conserve more than £200m of cash and strengthen its finances against the impact of the Covid-19 crisis. 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. McCarthy & Stone shareholders say yes to £647m takeover bid for the retirement home builder from private equity firm Lone Star. The listed builder of … Showing 576 to 600 of 600 messages. Mccarthy & Stone Share Discussion Threads. At McCarthy Stone, we regularly run campaigns to help people find their perfect retirement property. McCarthy & Stone’s in-house Services teams provide personal care, support and property management services in all of its Retirement Living and Retirement Living PLUS (Extra Care) schemes built since 2010. The owners of McCarthy and Stone have voted for a plan which would see the company taken over by a US private equity firm. The company revealed they are currently in the early stages of drawing up the proposal for the site’s possible redevelopment. McCarthy & Stone faces discontent from investors over its takeover, as fund managers fear the pandemic and Brexit uncertainty could unleash a wave of cut-price private equity deals.The board of the Retirement property developer McCarthy & Stone updated the market on its trading for the 14 month financial year ended 31 October on Thursday, reporting … McCarthy’s board first confirmed on October 23 that it had reached a deal with Lone Star that it was willing to recommend to shareholders. 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. Chat Pages: 24 23 22 21 20 19 18 17 16 15 14 13 Older. 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. How to stay informed Sign up to receive the latest Group news and updates by email: Morrisons Provides Doorstep Deliveries To McCarthy Stone’s Nationwide Retirement Communities 10/09/2020. It is also the largest provider of new Extra Care developments in the UK. McCarthy & Stone Foundation, 4th Floor, 100 Holdenhurst Road, Bournemouth, Dorset BH8 8AQ Head Office 01202 292480 Wish I understood quite what the 10 announcements a day actually mean in reality. McCarthy and Stone shareholders approve £650m takeover bid. The Company builds, owns, and manages retirement, assisted, and tailored care living facilities. Retirement home developer McCarthy & Stone fell to a loss over the six months to the end of April, and said the financial impact of the Covid-19 crisis is likely to be felt even more acutely during the second half of the year. Summary Revenue increased by 2% to £672m (FY17: £661m) Underlying operating profit 3 decreased by 30% to £68m (FY17: £96m) in line with the Group’s announcement on 6 September 2018. She decided to downsize into a one bedroomed apartment, a much smaller environment but soon adapted into the smaller living space. Retirement housebuilder McCarthy & Stone said on Wednesday that the coronavirus would have a "material" impact on trading in the coming months, as it scrapped its dividend. 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. Post. The announcements are supplied by the denoted source. The only developer or … Examples of this include setting your privacy preferences or filling in forms. McCarthy and Stone have expressed an interest in transforming the land of the former Longpool Porsche dealership, on Shap Road in Kendal, into assisted living accommodation for older residents. These cookies are necessary for the McCarthy Stone website to function. 119.80p 16:18 16/12/20 The company said the slowdown was due to elderly customers being 'cautious' about moving. Queries about the content of an announcement should be directed to the source. These cookies are necessary for the McCarthy & Stone website to function. McCarthy & Stone said it considers the terms of the acquisition to be 'fair and reasonable' and directors are unanimously recommending shareholders to vote in favour of the takeover bid. All comparatives are for the 14 months financial year ended 31 October 2019 ('2019') unless otherwise stated. The company posted revenues of £101.1m, down by … McCarthy and Stone, developers of Eastland Grange in Hunstanton, have been awarded a five star customer satisfaction rating in an independent survey announced by the Home Builders Federation for the 15th year running. Shares in McCarthy & Stone, which has properties across Scotland, jumped on the announcement to 117p - above the share offer of 115p per share. 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'). 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. Read full article. Neither McCarthy & Stone nor its advisers accepts responsibility for any violation by any person of these restrictions. McCarthy & Stone … The UK about the content of an announcement should be directed to source... Shareholders say yes to £647m takeover bid for the 14 months financial year ended 31 October 2019 '2019... Stone shareholders say yes to £647m takeover bid for the McCarthy Stone, we regularly run campaigns to help find... Extra Care developments in the UK 16 15 14 13 Older the 10 announcements a actually. Morrisons Provides Doorstep Deliveries to McCarthy Stone ’ s Nationwide retirement Communities.. Development has had planning approved in Cullompton housebuilder McCarthy & Stone shareholders say yes to takeover... 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