L&Q’s acquisition focuses on long-term investment and growth that include savings by removing duplication and increasing efficiencies. The company has also pledged to spend £2 million each year improving the standard of THT’s existing homes, as they come up for re-let.
“This is a unique creation that will be built on true partnership and the strength of our vision, and the people who will deliver it. As part of L&Q, we’ll create significant social impact in the North West at scale and pace and strive to find solutions to the national housing crisis. We will deliver an extensive programme of new development and regeneration projects, as well as improving homes and services for our existing customers,” added Larry Gold, Acting Chief Executive of THT.
AT the moment, THT is involved in joint venture partnerships with Galliford Try, Wates and Wilmott Dixon to build homes for rent and sale across Greater Manchester and the North West of England.
L&Q is one of the UK’s leading housing associations and developers, managing more than 90,000 homes across London and the South East.