Housing 21 strengthened its presence in London as the announcement was made of the successful acquisition of seven Extra Care schemes for older people.
The deal marks the largest transfer of Extra Care properties in the sector in recent years, adding an additional 427 properties to Housing 21’s portfolio after acquiring the schemes from Notting Hill Genesis.
The portfolio includes a large social care service and the successful transfer of up to 300 employees who will continue to provide high quality Extra Care support to residents.
Tony Tench, Deputy Chief Executive at Housing 21, said: “We’re really pleased to welcome our new residents and colleagues. This transfer from Notting Hill Genesis is particularly exciting for us, as we expand into London, where there is a real need to improve and increase the provision of Extra Care housing for those older people who need it most.
“With a proven track record of providing high-quality housing with support or care for older people, Housing 21 is well placed to take on additional Extra Care and Retirement Living schemes, allowing general needs providers to focus on their core business.
“We are all operating in a challenging economic environment right now and as a sector we all need to play to our strengths to provide high quality homes and services for our residents.”