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NatWest Group 's pension scheme NatWest Pension Trustee Limited (NWPTL) and Legal & General have today launched a joint venture (JV) to deliver net zero 'later living' homes. Google, , Click here for the Sagara 33 Statues of Kannon, Click here for recommended local specialties, Cycling in Hitoyoshi-Kuma in the Summer (Complete, One of the best ways to explore the Hitoyoshi-Kuma, Cycling in Hitoyoshi-Kuma in the Summer (Cycle Tra, Cycling in Hitoyoshi-Kuma in the Spring (Complete, Cycling in Hitoyoshi-Kuma in the Spring (Renting a, Hitoyoshi-Kuma Cycle Route (Spring Tea Fields) With the support of partner Legal & General, Inspired Villages is set to develop a scheme with 146 age appropriate homes for over 65s, as well as state-of-the-art communal facilities open to residents and the local community. $280,000. We run events at our Inspired Villages all year around. Share price 263.90p at 19:25 on 4 Mar 2023. Legal & General's later living business, Inspired Villages, has announced the acquisition of a 10-acre site in Chandlers Ford, Hampshire, for the delivery of a new retirement community. However, there are currently only 78,000 later living homes in this country and only around 7,000 new units delivered each year. Number of people visit the Hitoyoshi city to enjoy recreations at the Kuma River (urban tourism). Pros. Inspired will now progress a reserved matters application later this year with works expected to commence on site mid-2021. The deal supports Inspired Villages next stage of growth as it scales up its ambitions to build net zero carbon later living communities across the UK. The new net-zero retirement community, Millfield Green, is located in Caddington, central Bedfordshire, and will bring forward 200 specialist age-appropriate homes over four phases, with a Gross Development Value of 120m. Registered in England and Wales: 10876791. our existing retirement village residents are saying, how moving to one of our retirement villages works. The Kuma River and its tributary Kawabe river is known for its shaku-ayu, a very large ayu having a length of 30cm which attracts many of its tourists. The Past, Present and Future of Japan's River Development. Currently there are more than 12m over 65s in the UK and this figure is expected to increase by 41% to nearly 18m by 20402. This motivation influences every part of an Inspired village - from the service levels of our team through to the planning and design of the village itself. The Kuma River, one of Japans three swiftest flowing rivers, flows down the middle of a basin surrounded by the Kyushu Mountains. It will be converted to 131 homes, with another 139 built on the existing car park and another locally listed. Established in 2017 by long-term partner Legal & General, Inspired Villages operates and develops later living communities in suburban and rural locations across the UK.Each village offers beautiful, age-appropriate homes with vibrant communities at their heart that enrich the lives of both residents and locals thanks to the numerous wellbeing facilities and activities on offer. [citation needed] Until the late 20th century, wet rice cultivation of the primary factor of forming landscapes in the lower areas of the Kuma River. Copyright 2023 - Inspired Villages Group Limited. Creating 146 new homes, this planning approval is the fourth achieved by Inspired Villages since lockdown began bringing the total number of consented new homes secured this year to 788. [13] Fishing of ayu is generally done from early summer to fall, economically assisting the locals in the surrounding of Kuma river especially for those running inns and restaurants. [5] The sediments of Kuma River originate from the Chichibu terrane and the Higo volcanic. Mozilla Firefox | Broadening the range of growth assets that pension money can access is an important step forward for the UKs growth agenda and economic future, allowing our countrys savings to support the UK in building back better, address climate change and tackle the major issues society is facing. Reflecting on our achievements set out within the pages of our Annual Review 2021-22 makes me feel very proud, and hope you enjoy reading it too.. Inspired Villages is a member ofARCO(Associated Retirement Community Operators), the UK sector body for retirement communities. Read more about our sustainability strategy, the work we do with charities, our D&I priorities, and how we are tackling climate change. Legal & General has announced that its later living business, Inspired Villages, has started construction at Elderswell, its 66.6m (60m) later living scheme in Turvey, Bedfordshire. We are also a member of The Associated Retirement Community Operators (ARCO), the main body representing the Retirement Community sector in the UK. [7], Shinzo Abe, a former Japanese prime minister responded to the flooding of the Kuma river by visiting the areas affected and assessing the aid needed. Ichifusa, the highest mountain in the Hitoyoshi Kuma area, has 1,000-year-old high-quality cedars called Ichifusa cedars. Recently, it has become a spot where people can do trekking and forest therapy, and there are mountains all over the area where mountain climbing is possible. At least 50 people have been found dead and 11 people missing due to this flood. The announcement follows Legal & Generals 2020 commitment to make all its residential accommodation operationally net-zero from 2030. Coordinates: .mw-parser-output .geo-default,.mw-parser-output .geo-dms,.mw-parser-output .geo-dec{display:inline}.mw-parser-output .geo-nondefault,.mw-parser-output .geo-multi-punct{display:none}.mw-parser-output .longitude,.mw-parser-output .latitude{white-space:nowrap}323000N 1303400E / 32.5N 130.5666667E / 32.5; 130.5666667, The Kuma River (, Kuma-gawa) is a river in Kumamoto Prefecture, central Western part of Kysh, Japan. Planning permission for phase 2 of development at Inspired Villages 7-acre Ledian Gardens scheme in Kent, which adds an additional 50 apartments to the existing works. Legal & General has invested over 29bn in levelling-up regional economies, including through major UK-wide regeneration schemes and has recently made a commitment to enable all its new homes to operate at net zero carbon emissions from 2030. Seeing significant growth since its foundation, Inspired Villages currently operates six later living communities across the UK and is set to add to . [9] There were also issues of cost maintenance of the Arase dam and the decline in the need of hydropower. Inspired Villages supports 919 residents in living healthier, independent lives for longer so that they can remain in their own home as they age, while being able to access necessary support and wellbeing services when needed. [16][17] Among the 50 deaths, 14 deaths were the residents of a nursing home located in the Kuma village, near the Kuma river. [13] The ground vibration caused by the discharging of water led to the damages of houses along the dam site on the Kuma River. Construction will be carried out by Willmott Dixon. Blair, G. (2020, July 7) Rescuers Search for Survivors of Japan Floods as More Heavy Rain Expected; At Least 50 People Have Been Killed after the River Kuma in Kyushu Burst Its Banks, Triggering Floods and Mudslides. Sustainability and Inclusive Capitalism Report 2021, We see sustainability as a core business principle, and not an optional extra or a nice to do, Download all of our latest reports, including our Gender Pay Gap Report and Carbon emissions reporting criteria. Use the form below to reset your password. Log in. Find out what our existing retirement village residents are sayingor find out how moving to one of our retirement villages works. The completion of the Arase dam was in 1955, the Setoishi dam in the 1958, and the Ichifusa dam in the 1959. These net zero carbon villages will give their residents long-term security over running costs whilst helping to combat climate change. Microsoft Edge, Legal & General Investment Management America, Charity stakeholders and collaborative partners, Workforce diversity and gender pay gap data, ESG global research and engagement groups (GREGs), How LGIM integrate ESG into the investment process, Responsible and sustainable investment report 2022, Legal & General Investment Management Asia, Legal & General Investment Management Japan. Freshwater eels, donko (Odontobutis obscura), as well as gane (Eriocheir japonica) were also popular for fishing prior to the construction of dams on the Kuma river. Due to this, a great number of Heian period buildings and statues of Buddha remain, and about 80% of the thatched-roof wooden buildings designated as national and prefectural cultural assets in Kumamoto Prefecture are in Hitoyoshi Kuma. NatWest Group Pension Fund is closely aligned with our sustainability goals, so partnering with them will allow us to continue to lead the sector, delivering net zero carbon later living communities which will make a real difference to the way we live and age in future., Phil Bayliss, Chairman of Inspired Villages, commented: Covid has shone a light on the role that later living communities play in our society, further rocket-fuelling demand for high quality, aspirational later living accommodation. Creating 146 new homes, this planning approval is the fourth achieved by Inspired Villages since lockdown began bringing the total number of consented new homes secured this year to 788. After the construction of the Arase dam on the Kuma River, local residents were not only stressed due to the reduction of Ayu fish, but also the noises, water quality deterioration, as well as the uncomfortable smell it was producing at times. 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This was starkly evidenced in the recent Home Builders Federation report, Healthier and Happier3, which calculated that building an extra 30,000 retirement living homes would create a fiscal saving of 2.1 billion annually. [6], The round shape of the Kuma River basin assists with water and sediment transport function. [14] As a result, the removal of the Arase dam was decided in 2019, and its removal process began in early 2012, gaining much of its attention as the first ever dam removal in Japan . Inspired Villages Group ("IVG"), an operator and developer of later living accommodation established by Legal & General in August 2017, announces the acquisition of Ledian Farm, Leeds Village in Kent, as it continues to deliver its ambitious growth plans to provide service-led later living communities across the UK to meet the needs of the most underserved housing sector. Along with the added benefit of flexible, on-site care, Inspired Villages provides an outstanding lifestyle choice that promotes independent living for longer. The approval is an important step forward in addressing the severe shortage of age-appropriate housing in the UK, as highlighted in a recent joint report from The Centre for the Study of Financial Innovation and ARCO1. In 1999, fish ladders were built at the Arase dam and Setoishi dam but it did not lead to solving issues of decrease in the number of species along the Kuma River.[3]. As Approved Operators we aim to comply at all times with the ARCOConsumer Code. Jamie Bunce, CEO of Inspired Villages, said: NatWest Group Pension Funds desire to co-invest is a fantastic testament to our companys vision and hard work. The average length of the Ayu fish in the Kuma River is 22.7cm, with the weight at an average of 122g. 3 dams were built on the Kuma River. [17], The Kuma River have also badly flooded in 1965, caused by heavy rainfall. We provide a vast array of faux finishes from wall glazes, faux stone, marble, wood graining, aged crackle, painted and raised stencil, metallic . Inspired Villages hires Legal & General's Halliwell as CFO. [3], The Kuma River has always been the habitat of many species by maintaining its natural landscapes, although there have been cases of serious damage of the natural environment. The number of residents of Sakamoto Village (located near the Arase dam), was once nearly 20,000, however, decreased to less than 5000. Just bring it to an end, and join the rest of the world, New Estate Management thrown out of Property Ombudsman for not paying 1,000 award, Deadline today for freeholders to declare offshore beneficial ownership, Mr Spender goes to war over St Davids Square service charges and landlord caves in over more than 100,000 buildings insurance commissions on eve of tribunal, Michael Goves admission today that regulation failures in part caused Grenfell clears path to final resolution of the building safety crisis, Channel Four Dispatches exposes retirement leasehold. Actually, we started our journey from Hakata to Kumamoto via Shinkansen, then "Steam Locomotive Hitoyoshi" (SL, a traditional steam train) to Hitoyoshi, right after "Isaburo Shimpei" to Yoshimatsu, also "Hayato No Kaze Express" to Kagoshima Chuo Station. Click to enable/disable Google Analytics tracking. Generally, from early March to May, Ayu fish flow into the Kuma river from Yatshushiro sea. [3], In the past, there have been constructions of three dams on the mainstream of Kuma River, which are, in the order from the estuary, the Arase dam, the Setoishi dam and the Ichifusa dam. Our ethos is simple. We need you to be ok with our use of information like your general location or reading habits to personalize your experience, so we can suggest the right stories to read or events for you to attend. Elderswell is part of an ambitious development pipeline, with Inspired Villages to deliver over 2,500 specialist homes for over 65s in the next six years. We are investing for the long term to revolutionise the UKs later living offering, delivering vibrant communities which can support an increase in health-span, well-being and help tackle loneliness in older age. Seeing significant growth since its foundation, Inspired Villages currently operates six later living communities across the UK. Join our mailing list to get all of the updates on our future events. Google: Google WebfontsGoogle MapsIP Located in Bedfordshire and Hampshire, together they are bringing forward over 350 energy efficient homes a first for the UKs later living sector. Operating over long investment horizons and as responsible investors, Legal & General and NatWest Group Pension Fund are aligned in their desire to back investments that deliver a positive environmental and social impact. By winning over the populace by sparing the existing Shinto shrines and Buddhist temples from destruction, they were able to successfully rule for a long time. With an ageing society, we will soon have more people over 65 than under 18, but do not have the infrastructure, health-spend or social care to support this long-term demographic shift, exacerbated by a shortage of suitable later living options. Bringing forward the UKs first operationally net-zero (regulated energy) retirement community is another string to this bow, creating savings for residents and clear environmental benefits as we progress towards a carbon-free future. It is the only major and the largest river connected to the Yatsushiro sea. Inspired Villages, established by Legal & General in 2017, is operating retirement communities that enable their residents to live healthier, happier, safer, and more independent and active lives. Alongside its environmental benefits, Millfield Green will address the chronic under-supply of age-appropriate housing across the UK, with only 7,000 being built each year. That means no day is the same at Inspired Villages and 2021-22 was, unsurprisingly, a busy and eventful 12 months for us. Find out more The delivery of Legal & Generals first net zero community is testament to the companys long-term vision for housing in the UK, where it has begun piloting energy-saving initiatives through design and operation. The Struggle over the Arase Dam: Japan's First Dam Removal Begins. The tidal flat of the Kuma River estuary is approximately 1000 hectares. In recent years, there are even more highlights, such as the SL Hitoyoshi (Kumamoto Hitoyoshi), Kawasemi/Yamasemi (Kumamoto Hitoyoshi), and Isaburo/Shinpei (Kumamoto Hitoyoshi) sightseeing trains, and the train stop of the luxury train Seven Stars.. Due to its characteristics as a basin, Hitoyoshi Kuma has dramatic changes in temperature. [4][3] It is also said that this flooding was worsened by the dams built along the Kuma River mainstream. Millfield Green will utilise a number of renewable energy sources, including using ground-source heat pumps from Kensa Group; a business which Legal & General took a significant stake in in 2020, Many over 65s struggle to pay their energy bills each winter. The local fishermen have also mentioned that the weather loach (misgrunus anguillicaudatus), the Chinese soft-shell turtle (pelodiscus sinensis) and the Japanese rice fish (oryzias latipes) were often seen in the Kuma River before the construction of dams. ", Phil Bayliss, CEO of Later Living at Legal & General Capital, "Todays news represents Legal & Generals first steps towards enabling all new homes to be operationally net carbon neutral within a decade, reducing the emission of many tonnes of greenhouse gasses, whilst saving customers money and meeting the needs of investors who increasingly focus on sustainable solutions. The membership body representing retirement communities. Inspired Villages has hired Stephen Halliwell as its new chief financial officer. The Inspired Villages team are motivated by the admiration and respect they have for their residents, their families, and the lifestyle they desire and deserve. As members of the federation, each SOS Children's Villages association is committed to applying the federation's statutes, standards for quality child care, and stringent financial and administrative practices. [16] One of the areas nearby was flooded up to a depth of 4.3m. Sustainability and Inclusive Capitalism Report 2021, We see sustainability as a core business principle, and not an optional extra or a nice to do, Download all of our latest reports, including our Gender Pay Gap Report and Carbon emissions reporting criteria. Inspired Villages was established by Legal & General in 2017 and is operating retirement communities that enable their residents to live healthier, happier, safer, and more independent and active lives. In 1896, Japan implemented the River Act for management of water. Investing from Legal & General's principal balance sheet, Legal & General Capital's purpose is to generate long-term shareholder value by injecting new capital into key . In July 2020, there was massive overflowing of the Kuma river bank due to heavy rain, causing flooding in large areas of Kumamoto prefecture. [3] Difficulty to catch the Ayu fish also led to relocation of local residents around the Kuma river. ", Download the full press release here (PDF: 379Kb). Our new JV with NatWest Group Pension Fund is a tremendous validation of the growth of Inspired Villages as an operator of later living communities. You can see all our most recent announcements and publications in one place under 'Latest' and read more about our experts. Kiguchi, Y. This transaction is unique as it sees one of the largest UK pension funds investing directly into UK private social infrastructure. Seeing significant growth since its foundation, Inspired Villages currently operates six later living communities across the UK. [citation needed] It splits into multiple channels before flowing to the Yatshushiro Bay. The Kuma River is a popular tourist spot. In addition to its climate commitments across its six residential housing businesses, Legal & General also invests in clean energy assets, businesses and technologies to help accelerate progress to achieve climate targets including, wind, solar and electric transportation.