In recent months, London housing provider RHP Group has acquired 309 homes from L&Q.
Most recently this includes the stock transfer of 108 homes across the Spelthorne borough in Surrey, which completed on 27 January.
This expands RHP’s operating area, whilst remaining close to their existing stock across Richmond, Hounslow, Kingston, and Hillingdon. This means that the organisation will be able to take over the management of homes with little disruption to residents.
The transfer forms part of L&Q’s stock rationalisation strategy and has been completed after L&Q carried out a comprehensive consultation with households involved in the transfer. This gave people the chance to ask questions, find out more information, and share their views.
This is the second stock acquisition RHP has completed within six months, with 201 homes transferring to them from L&Q in Richmond and Hounslow back in September.
Sarah Thomas, RHP’s Chief Executive, says: “After receiving positive feedback from residents after our first stock acquisition with L&Q, we’re confident we can maintain these additional homes to a good standard. We’re pleased to be able to expand our social impact by moving into Spelthorne, whilst still providing a local service due to its proximity to our existing stock. I’d like to welcome these new customers to RHP – we’re excited to have you as part of the communities we serve.”
Last year RHP launched a new vision and strategy, part of which is to explore opportunities for growth to enable them to expand their social impact, and protect their homes, communities, and business for the future.