David Montague joins later living developer recently acquired by Natwest Pension Trustee Limited
Former L&Q chief executive David Montague has been appointed chair of retirement housing developer Inspired Villages.
Montague is a well-known figure in the social housing sector having led housing association giant L&Q from 2008 to 2021.
He has also been chair of the G15 and served on the board of the National Housing Federation. In 2013, Montague was awarded a CBE for services to housing in London.
His appointment as chair follows Natwest Pension Trustee Limited buying a remaining 50% stake in the business from Legal & General last month to become the sole owner.
Inspired Villages manages 11 retirement villages, housing more than 1,300 residents. In its most recently filed accounts it reported turnover of £17m in the year to 31 December 2023 and a profit of £191,000.
The developer previously announced a plan to build 5,100 homes over 15 years.
>>See also: Removing the barriers to later living development
Montague said: “Retirement communities have such a significant role to play in a diverse and prosperous housing market, so it’s great to be part of a business that supports the provision older people’s housing in such a transformative way.”
Nick Edwards, chief executive of Inspired Villages said: “His [Montague’s] wealth of experience makes him a fantastic addition, and his strategic insight will be invaluable to our board and executive committee as we enter our next chapter.”
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