Plans include independent and assisted living, a new care home, and affordable housing.
Beechcroft Developments has agreed a deal to redevelop Caversham Park, a grade II listed estate near Reading currently owned by the BBC, for high quality retirement housing.
The Caversham Park Estate has been on the market since 2017. The Victorian stately home and 93-acre estate was bought by the BBC in 1941. It was previously the home to BBC Monitoring which moved to Broadcasting House in London in 2017.
Beechcroft plans to renovate the existing listed buildings and add new buildings for independent and assisted living along with a new care home and affordable housing.
Managing director Chris Thompson said its plans would "respect both the original buildings and the parkland setting"."We aim to secure a sustainable future for the historic buildings on the site and to create high quality new and converted homes for the over-55s, including affordable homes for sale and rent which will meet both local and national housing needs."
Access to the estate is currently prohibited to the public and local residents have launched a campaign to regain access to footpaths which they claim previously existed on the grounds.
Beechcroft has said that it will be consulting on its proposals in the autumn and will be submitting detailed plans by the end of the year.