© 2025 News On The Block. All rights reserved.
News on the Block is a trading name of Premier Property Media Ltd.
© 2025 News On The Block. All rights reserved.
News on the Block is a trading name of Premier Property Media Ltd.
The owners of 54 retirement properties have bought their village, neighbouring land and a derelict pub from administrators, giving them security and control over their living conditions.
The Charles Russell property team in Cheltenham successfully advised the residents of Crystal Fountain Village - now to be renamed Woodchester Valley - in Gloucestershire. It is believed to be the first and only retirement village owned and controlled by its residents.
Charles Russell began advising Crystal Fountain residents in February 2012 to work on the corporate and leasehold structure for the residents’ acquisition of the freehold, management of the village and leasehold interest. This involved a complex interplay between corporate, landlord and tenant, insolvency and financial services law.
Peter Wilson, Chairman of the residents association said: “We are delighted with the outcome as it provides security and control over our living arrangements. This purchase is largely due to the determination of our residents association. Instead of accepting our fate, we worked together to change our situation. We owe a great deal of thanks to Nigel Morton and his team at Charles Russell for their tireless work in structuring the transaction.”