We’ve grown considerably in recent years, through partnerships with other housing associations, developing new homes and acquiring stock.
For us, stock rationalisation – whether we’re acquiring or transferring homes – is about consolidating our presence in certain areas in line with our strategy, to deliver cost efficiencies and a better service to residents.nce 2006, we’ve acquired or transferred around 11,000 homes, and we currently have proposals under consideration to acquire an ongoing pipeline of properties.
In early 2012, we completed one of the largest housing sector stock swaps at that time – 1,400 homes – with Knightstone Housing Association (now LiveWest).
This was followed in 2016 by another stock swap involving a further 1,400 homes with Hyde Housing Association and their development subsidiary Martlet Homes. This allowed us to deliver more efficient local services to residents, while making savings that could be reinvested into our business.
We’ve completed a series of smaller disposals since 2016 - around 500 homes, including 219 older person’s leasehold units to the ELM Group, a specialist registered provider – and the acquisition of 190 homes from Hyde Housing Association.
Over the years, we’ve gained a great deal of knowledge about what works and what doesn’t in stock rationalisation deals. This has helped us create a model which accurately assesses the value of the stock to the business.
