Housing 21 strengthened its presence in London as the announcement was made Monday 27 February, 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.”
Housing 21 will continue to prioritise investment into the existing homes while also delivering on development plans to provide up to 400 new homes for older people each year.
Robert East, Director of Care and Support for Notting Hill Genesis, said: “We are incredibly proud of our work over decades in providing Extra Care services to those who need them across London and the south-east and we remain one of London’s largest providers of supported and older people’s housing services.
“We will miss the residents and employees when they transfer, but we know they are being left in safe hands and wish them all the best for the future. Our decision to transfer the services to Housing 21 followed a thorough selection process which involved our residents, and in the end they were the outstanding bidder.”
The schemes included in the transfer include Elgin Close, Mildmays, Penfold Court, Conrad Court, Cheviot Gardens, Mitchison Court and Turnberry Court.
A further scheme, Minterne Apartments, which comprises 60 apartments, will transfer from Notting Hill Genesis to Housing 21 in March.
Image depicts: Cheviot Gardens, one of the eight schemes acquired by Housing 21 from Notting Hill Genesis