Social housing provider Grand Union Housing Group has bought nearly 140 affordable homes from the UK’s largest housing association, Clarion Housing Group.
The deal has seen Milton Keynes-based Grand Union add the homes to its stock of nearly 13,000 homes, increasing its ability to invest in existing and new homes.
Grand Union’s Executive Director of Operations, Phil Hardy, said: “We’re delighted to be taking ownership of these North and West Northamptonshire homes as this is our heartland, and they sit alongside many that we already own. These are homes and customers that are well known to us, as we’ve been managing them for Clarion since they were built, so it makes good sense for us to become the landlord.
“By bringing these homes into our ownership, it will simplify the service to current customers as well as drive efficiencies as a wider benefit.”
Clarion Housing Group’s Chief Property Officer, Rob Lane, added: “Following a formal consultation, we’re really pleased to have been able to provide Grand Union the opportunity to build on their long-standing relationship with these customers.”
Grand Union provides homes for more than 27,000 people across Bedfordshire, Buckinghamshire, Northamptonshire and Hertfordshire. It plans to build over 1,500 more new homes over the next five years to play its part in ending the housing crisis.
