South east landlords to exchange 779 homes
Two members of the G15 group of London’s biggest social landlords have finalised a stock swap deal that will see 779 homes change ownership.
A2Dominion will transfer 425 homes in London and Cambridgeshire to Metropolitan Housing Partnership in exchange for 345 units in the west of the capital and Surrey.
Both housing associations, which together own and manage nearly 70,000 homes, said that the swap will help residents by offering more locally based services. Before the transfer, both owned small numbers of properties outside of their core areas and far from their regional offices.
Andrew Evans, executive director of operations at A2Dominion, said: ‘Improving the services we provide for our residents is a key priority. Our stock rationalisation programme and this stock swap with Metropolitan Housing Partnership, allows us to invest in communities where we have a significant number of homes in our ownership.’
Sheila Morcombe, project manager at MHP, which will change its name to Metropolitan in April 2012, said: ‘When we first consulted the residents affected back in early 2011 and explained the benefits, residents on both sides were in favour of the change. This transfer is part of a wider plan to concentrate on the key areas in which we manage homes, so we can deliver our services efficiently and provide our residents with good value for money.’