L&Q considering 3500-home stock transfer in South Buckinghamshire 

London & Quadrant Housing Trust (L&Q) has announced plans to explore the stock transfer of 3,500 homes in South Buckinghamshire as part of its ongoing strategy to rationalise stock that is outside its core geographies of Greater London and Greater Manchester.

We are in the early stages of discussion about the transfer of these homes to Paradigm Housing Group, but no final decisions will be made until L&Q has fully consulted with residents and carried out a comprehensive due diligence process. 

Vicky Savage, Executive Director for Development & Sales at L&Q, said: "We have started to discuss the details of a possible transfer to Paradigm and residents will be formally consulted before a final decision is made. We believe that Paradigm, a locally based organisation, may be better placed to provide an excellent service in the area.

"Over the coming months we will complete a formal consultation with residents and a comprehensive due diligence process to ensure they are the right organisation to manage these homes and deliver the best possible services to residents."

"As an organisation, we consider homes for transfer where they sit outside our core areas of Greater London and Greater Manchester. This supports our strategic decision to focus our activity on areas where we have the greatest concentration of homes, enabling us to provide responsive, joined up services which offer best value for residents."

For further information, please contact:

investors@lqgroup.org.uk

James Howell, Director of Partnerships                     020 8189 1596

www.lqgroup.org.uk

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