Plymouth residents feel benefit of extra homes
We acquired 89 social rent homes in Little America and three further homes in other parts of the city from leading social housing provider, Stonewater. The sale included estate management responsibilities for a further 100 privately-owned properties in the area.
John Clark, PCH chief executive, explained: “Buying homes in Little America helps us towards achieving our ambition to grow the number of social housing properties we have available for residents of the city. We believe we were approached by Stonewater because, as well as being the largest Plymouth-based landlord, we have a strong track record for managing social housing and providing quality services to our residents.”
The transfer by Stonewater was part of plans to rationalise its national property portfolio and focus efforts in areas where it owns the largest number of homes. Nicholas Harris, Stonewater chief executive designate, said: “These homes are the only social housing properties we own in Plymouth and they are a long way from our closest office in Bristol.
“We felt customers would benefit if the property was managed by a more locally-based housing provider. PCH is ideally placed to manage these homes and provide residents with a responsive, efficient and high-quality service that will deliver good value for money.”
Stonewater consulted with tenants about the transfer and gained agreement from the Homes and Communities Agency before going ahead with the sale. Mr Clark added: “Owning these homes in Little America fulfils our social purpose and makes good business sense for PCH because we’ll get a return on our investment and it will mean people living in the area will benefit from having a city-based housing provider with local staff on hand.”