Telford-based McPhillips will develop land off the A41 in Newport into 61 apartments and 15 bungalows for retirement housing specialist Untold Living.
Untold Living, which is backed by a London-based private equity firm, was granted full planning permission for the site earlier this year after it secured a £26.4m loan to support the development.
Newport in Shropshire will be the developer’s third asset, after a 69-unit retirement community in Wiltshire and an in-house CQC-registered care business.
Construction work is due to start this month on the site.
Untold Living chief executive Russell Jewell said: “We’re delighted to award the contract for this build to McPhillips, a local firm with a 60 year history in the area. It’s important to us that Newport and the wider surrounding community sees the benefit of our investment here.
“The Untold Living ethos is about creating retirement communities for the modern retiree enabling people to downsize affordably and with ease.
"There is a real shortage of good quality, smaller housing across this part of the borough and this development will enable those living in Newport to stay in the town but in much more manageable accommodation with support 24 hours a day, seven days a week, every day of the year for those that need it.
“The project will naturally also help to free up larger homes for families looking to upsize or move to the area so it’s a real win on all fronts.”
McPhillips director Chris Walker said: “We are really looking forward to developing this scheme for Untold Living and for Newport.
“There’s a significant benefit for the local community through our directly employed workforce and our established local supply chain. And of course, for the environment too, given we’re only based a few miles up the road.”
McPhillips recently completed the refurbishment of Telford Fire Station and employs more than 240 people at its Hortonwood site in Telford.
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