London housing provider RHP Group has completed a stock transfer with L&Q, to acquire 201 homes across the boroughs of Richmond and Hounslow.
The homes are in areas that RHP already operates in, with many next to their existing properties. This means that the organisation will be able to take over the management of homes and services with little disruption to residents.
The acquisition 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.
Sarah Thomas, RHP’s Chief Executive, says: “These homes are in the heartland of our operation, so it made sense for us to acquire them. As a community-based organisation, we’re confident we can maintain these homes to a good standard and provide a local service. I’d like to welcome these new customers to RHP – we’re excited to have you as part of the communities we serve.”
John Lumley, Strategic Sales Director at L&Q, says: “This transfer forms part of L&Q’s wider stock rationalisation plan, and it ensures we simplify services to residents on previously multi-landlord estates. As an organisation, we strongly feel that everyone deserves to live in a home they are proud of and we are confident that RHP, as a local housing provider, will continue to deliver the same high standard of service to our former residents in these areas.”
In April this 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.