The news comes after the group completed the acquisition of an additional site at Cooper’s Hill.
The second phase of development by the provider of luxury retirement villages will include 50 homes, which will supplement the 78 homes already under construction on the first site.
Planning permission was secured for the first stage of development in March 2018 and the first owners are set to take up residence in winter 2019 following its completion.
The second stage will consist of two blocks, a mansion and a crescent and will be completed by summer 2020.
Cooper’s Hill will also be home to the Audley Club, which will feature a library, restaurant and bar, swimming pool and luxury health club.
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Kevin Shaw, managing director at Audley Group said: “Audley Cooper’s Hill is a special site so the chance to acquire more land was too good to pass up.
“The demand for the type of retirement living that Audley Villages offers is high and growing, across the UK, as an ageing population seeks aspirational properties to downsize to.
“Audley Cooper’s Hill will be an enviable retirement village in a prime location.”
Dean Banks, CEO of UK construction services at Balfour Beatty, added: “Our appointment to deliver the second phase of the Cooper’s Hill development is testament to our longstanding, successful relationship with Audley Group, which has seen us partner on five village locations to date.
“Our expert team is primed and ready to commence works and safely deliver this 128 luxury retirement home development.”