Vendor Wilson Care Resources had obtained planning permission for the development of a four block care home in the summer of 2006.
Birmingham commercial property agent GVA Grimley handled the deal that transferred ownership of Aston Hall Hospital into the hands of Richmond Care Villages.
In November last year, firefighters were called to the hospital to tackle a blaze which started in an outbuilding.
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Fifteen parties were invited to consider the opportunity and bidding was generated between five of these, including not for profit and commercial organisations.
specifically designed for the elderly population continues to drive demand for attractive care village or retirement community schemes.
existing vistas on the site.
Richmond Care Villages was selected as the preferred bidder last year and proceeded to obtain detailed planning permission for the scheme prior to the purchase being completed.
figure deal to turn hospital into retirement village
It included proposals for the erection of a continuing care retirement community, comprising about 60 care beds, 78 care suites and about 140 care apartments. The new development will also include staff bedrooms and offices.
He said: "Despite the ailing residential housing market, the sheer need for facilities Nike Metcon 3 Flyknit Id
Mr Reeves added: "Given the current climate, we are watching how the market reacts Nike Zoom Flyknit Black but we are looking to be on site within the next 18 months."
Andrew Sidwell, healthcare business director at GVA Grimley, handled the sale of the site.
David Reeves, marketing manager for Richmond Care Villages, said: "It is our intention to open up the view towards Aston Hall from our buildings.
Since it closed in 2005, the hospital buildings have become a target for vandals and thieves, who removed lead from roofs.
"No demolition work has yet taken place as we are getting in quotes and proposals."
he said that no date for when construction Nike Lebron 12 Low Red
work will begin on the project has been decided.
Separate buildings will be constructed to house a swimming pool, gym and sauna.
The site was originally offered by the vendor's agents with outline planning permission for over 130,000sq ft of floor space plus a maximum of 70 assisted accommodation units.
Richmond Care Villages submitted its own planning proposal to South Derbyshire District Council in spring last year, which differed from the vendor's scheme.
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