Britain's leading developer of retirement apartments has revealed the name of its new Assisted Living development in Bury St Edmunds as Cross Penny Court.

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  • The development in Bury St Edmunds, located on Cotton Lane, has recently had planning permission granted for 57 one and two bedroom apartments exclusively for people aged 70 and over.

    The development is named after the silver long cross penny of Edward I from 1302 to 1310 which was found on the site by archaeologists.

    Gill Sabin, regional sales and marketing director for McCarthy & Stone, explained: "We pride ourselves on building communities and not just homes, so we always aim to select names for our new developments that will have real meaning to the local residents and relevance to the local area. As with all McCarthy & Stone developments, Cross Penny Court will offer independence combined with the peace of mind of additional security, low maintenance and companionship.

    "And with stylish designs tailored specifically for the over 70s and an attractive location with access to a range of everyday amenities - Cross Penny Court ticks all the boxes."

    McCarthy & Stone is currently inviting potential homeowners to register their interest on the range of one and two bedroom apartments. The sales complex is due to open in March 2014.

    McCarthy & Stone's Assisted Living developments offer the independence of retaining home ownership while living in an apartment specifically designed for the over 70s. In addition, they offer a helping hand through flexible care and support packages, including domestic assistance, that make life that little bit easier.

    Facilities include a shared lounge, an on-site restaurant, guest suite, laundry room and a lift. A dedicated estate manager ensures the smooth running of the development and staff are on site 24 hours a day. There is also a security entrance system plus 24 hour emergency call points to provide peace of mind for both homeowners and their families. All properties are low maintenance and energy efficient.

    In addition to offering age exclusive apartments, the retirement developer also provides a range of financial services, including a pension annuity service, equity release, legal services and guaranteed funeral plans.

    Some information contained herein may have changed since it was first published. SmartNewHomes strongly advises you to seek current legal and/or financial advise from a qualified professional.

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