The Stoke Gifford care home is the seventh retirement village Galliford Try has built for the ExtraCare Charitable Trust.
It will feature 261 homes, a community hall and a bar, bistro and library. A gym, shop, hair salon, craft room and other health facilities will also be part of the new village.
The newly-established Partnerships’ West business is led by regional director Jon Young, who moves over from Galliford Try’s building division, where he was responsible for projects such as the Gloucestershire Cricket Club redevelopment and the £20m student accommodation project for developer St Modwen at Swansea Bay Campus.
Stephen Teagle, chief executive of Galliford Try Partnerships, said: “The Western region is a key area for us as we continue to expand our business and pursue our objective of increasing the supply of housing and regenerating our cities.
“The confidence demonstrated in our new business by ECCT is testament to the high standards that Galliford Try Partnerships is already delivering across the country. We are investing in Bristol and the West of England as an area of future growth, and Jon Young and his new team are committed to delivering further successes.”