PegasusLife celebrates “topping out” of the UK’s first CLT retirement development in Falmouth

Specialist retirement living developer, PegasusLife, has announced that it has completed the first stage of its new development in Falmouth. The project is the UK’s first retirement development built using sustainable cross-laminated timber (CLT), reducing construction time as well as minimising its carbon footprint.

Located on the seafront, The Fitzroy has been designed by award winning architects Allford Hall Monaghan Morris (and is being built by Midas Construction, part of the Midas Group), as a modern interpretation of the grand hotels on Cliff Road such as The Falmouth and The Royal Duchy.

The collection of one, two and three bedroom apartments feature large floor-to-ceiling glass windows to make the most of its seafront location and the views over Falmouth Bay. The development also includes a communal lounge with coastal views, which opens up to an outdoor terrace and maritime garden. There is also a guest suite for visitors and an on-site host service.

Howard Phillips, CEO of PegasusLife, commented:

“We’re setting a new standard for desirable retirement living in wonderful locations like Falmouth. The design cleverly blends architectural heritage with cutting edge construction materials and processes. Living at the Fitzroy will give homeowners access to wonderful views out to sea and apartments that are spacious, filled with light and designed for making the most out of life.”

Andy McAdam, Midas Divisional Director for Somerset; Devon & Cornwall, commented:

“We are pleased to mark such a significant stage in the development of this exciting project, alongside our customer and partners.

“We have reached the highest point of construction and it is great to see the structure now completed. We are looking forward to the next exciting phase of work and to celebrating the completion of the project later this year.”