Knowle mystery bidder - Pegasus Life

According to the Sidmouth Herald the mystery bidder offering between £7million and £8 million to purchase East Devon District Council’s Headquarters and associated land is Pegasus Life Ltd.

The Knowle. East Devon residents currently own it.

Sidmouth Herald has broken the news – http://bit.ly/1EkuYHt. 

Information about Pegasus Life from its website –

Pegasus Life. Wants to own the Knowle.

“Pegasus Life is a specialist developer, on a mission to re-invent retirement housing.

Employing the best award-winning architects, engineers, interior and landscape designers, as well as thought-leaders in the field, the company is developing exemplar communities in desirable locations throughout Britain and Ireland.

 The company was established in 2012 by Oaktree Capital Management, a major investment organisation with substantial resources and ambitious plans for growth in the sector.

The company’s central idea is that everyone, irrespective of age, shares the aspiration to live in a beautiful designed, socially inclusive environment, supported by first class services and maintenance regimes.

 Pegasus Life does not follow a ‘cookie cutter’ approach; preferring instead to adopt a nimble, flexible stance in the application of ideas to meet the specific attributes of the environment within which each project is located. The creation of caring, safe and secure environments, which promote healthy living and wellbeing, lies at the heart of these plans”.

Take a look at Pegasus’ current portfolio of developments, as this will inform you as to what we could expect to rise from the Knowle’s ashes once the District Council’s Conservative majority group vote on 25 March to get rid of the Knowle. This will be against the wishes of residents. Pegasus’ portfolio – http://www.pegasuslife.co.uk/portfolio/.