Killenard Retirement VillageKeane Developments --- Excellence by Design

• CARE HOME WITH SPECIALIST DEMENTIA CARE UNIT

• LUXURY INDEPENDENT LIVING HOUSES

• ASSISTED LIVING BUNGALOWS

• VILLAGE SQUARE

Killenard Retirement VillageKeane Developments --- Excellence by Design

Killenard VillageLocated in the scenic Co. Laois countryside,2 miles off the M8 motorway, 45 minutesdrive from Dublin, lies, the beautiful village of Killenard.Portarlington is a mere 5 minute drive andIreland’s fastest growing town, Portlaoise, isonly 15 minutes away. The train service fromPortarlington is excellent as it is servicedfrom both the south and west. The train timeto Dublin is 35 minutes, Cork is 2 hours andGalway just 1 hr 40 minutes.

Killenard Village underwent a major transformation in the early 2000s with thedevelopment of the renowned Heritage Golf Resort & Hotel Complex.This complex, which includes the 5* Heritage Hotel & Spa , Heritage Golf Course,Seve Ballesteros Natural Golf School (including par 3 course), Apartments,Houses etc was developed solely by Tommy Keane.Detailed information on these developments can be found at;www.heritageresort.ie | www.theheritage.com

Killenard Retirement Village(KRV)The original Heritage complex hadincluded the concept of a RetirementVillage/ Care Home, however, thefi nancial crisis led to the shelving of the proposed development. In January 2016, Tommy Keane decidedthat the time was right to resurrectthe plan and therefore has acquiredan almost 40 acre site, adjacent to theworld class Heritage Hotel and Golf course complex.

Killenard Retirement VillageKeane Developments --- Excellence by Design

The VisionTo offer residents a “Continuum of Care” in a safe, secure and friendlyenvironment, respecting individuality whilst fostering a sense of community.To provide a choice of fl exible care models, which adapt as resident’s care needschange.

The Promoter, Tommy Keane, put together a team to develop his vision;

Maurice Harrington - Project Development CoordinatorEamon Larkin - Milligan Reside Larkin ArchitectsMorgan Kilgallen - Kilgallen & Assoc- Consulting EngineersGerry Gibson - Planning ConsultantAidan Egan - Milne O’Dwyer- Auditors & AccountantsMJ Turley - Chartered Quantity Surveyor

The ConceptThe brief was to design and develop a luxury Retirement Village incorporating aCare Home, Assisted Living Bungalows, Independent Living Houses and a VillageSquare (Leisure Centre, Consulting Rooms, Pharmacy and Bar/Bistro)

The design team was enhanced when a consultancy agreement was reachedbetween the Promoter and Passage Healthcare International (Irl) Ltd, Thisagreement brought to bear Passage Healthcare’s vast experience in Design, Construction, Financing and Operating Retirement Villages and Care Homesaround the world.

Further information on Passage Healthcare is available in the attached brochure or at www.passagehealthcare.net

This collaboration has led to the design, of what the team believes, is a trulyunique offering in senior care in Ireland. Subsequently, Mr Keane and PassageHealthcare have agreed to jointly promote the development.

Killenard Retirement VillageKeane Developments --- Excellence by Design

Development OutlineCare Home - 116 Bed (en-suite )Assisted Living Bungalows - 40 unitsIndependent Living Houses - 125 unitsVillage Square Incl; Leisure/Hydrotherapy Pool/Gym,Bar/Bistro,Consulting Rooms,Pharmacy

Built AreaCare Home: 116 bedrooms x 23 m2 2668 m2

Ancillary Areas 3851 m2

Total 6519 m2

Assisted LivingBungalows: 32 (2 bed) units x 85 m2 2720 m2

8 (1 bed) units x 65 m2 520 m2

Total 3240 m2

IndependentLiving Houses: 125 (2/3 bed) units x 125 m2 15625 m2

Village Square: 2100 m2

Total Built Area 27484 m2

Killenard Retirement VillageKeane Developments --- Excellence by Design

Village OperationIt is envisaged that the Assisted Living Bungalows and Independent LivingHouses will be sold to individual residents.

Certain criteria, will apply to the purchasers. e.g the primary occupier mustbe over 55 years of age and no children can reside on the village complex.Furthermore, each residence will be liable to management charges.

Residents will become automatic members of the leisure and pool complex withdesignated times reserved for their exclusive use. Other, on site, facilities such asthe Consulting Rooms, Pharmacy, Bar/Bistro etc will be paid for on a usage basis.

The Care Home, operated by Passage Healthcare, will provide 116 en-suitebedrooms, including, a 20 bed, specialist, dementia care, unit.The potential rental revenue from the Care Home, when fully operational, is in theregion of € 1,000,000 per annum. The majority of the Care Home revenue will be guaranteed by the Irish Government under the “Fair Deal “scheme.

Village Management services will be provided by Passage Healthcare who will also lease and operate the Village Square elements, Leisure & swimming Pool,Consultancy Rooms and Pharmacy with the exception of the Bar / Bistro whichwill be leased and operated by a professional restaurateur.

Additionally, Passage Healthcare, as a registered Care Provider, will offer tailored Home Care Packages to Village residents to ensure that their care needs arefully catered for. Qualifying residents will be entitled to receive state subsidies toameliorate the cost of this care.

Killenard Retirement VillageKeane Developments --- Excellence by Design

Investment Market“Analysis conducted as part of this study, demonstrates that there will be ashortfall in the number of nursing home beds of approximately 8,000 beds, theequivalent of approximately 100 new nursing homes by 2021” Health’s AgeingCrisis Report. BDO 2014

“In addition to national projections, the regional spread of the older populationis worth noting. According to CSO’s regional projections for population growthfrom 2011 to 2031, the population aged 65 or over is forecast to increase byapproximately 86% across all regions. However, the highest increases at 137%and 95% respectively are due to occur in the Mid-East and Midlands regions” Irish Nursing Home Market Report DTZ Sherry FitzGerald 2015

Killenard Retirement VillageKeane Developments --- Excellence by Design

Planning PermissionPlanning application has been made to Laois County Council and it is anticipatedthat work will commence, on site, before year end, 2017.

ProposalThe project/ land is for sale, subject to planning permission, however thepreferred option, for the Promoters, is to participate in a joint venture, with aninvestor, to complete the development.

The attached fi nancials outline the expected return on investment together withthe anticipated development timeline.

Detailed site plans are also attached.

Email: mh@killenardretirementvillage.comWebsite: www.killenardretirementvillage.com