Affordable retirement flats in Seaton?

According to today’s Sunday Times McCarthy & Stone (now owned by hedge funds) plans to list on the stock market next year having had a “fivefold surge in profits” – sales up 25%, profits up from £12.5m to £63.2m.

More than half of its shares are owned by Goldman Sachs, TPG, Anchorage Capital and Strategic Value Partners. Its investment bank is Rothschilds.

So, we can surely look forward to a large percentage of the retirement flats in Seaton (and wherever else they build in East Devon) being “affordable” can’t we!