Tenants First joins Sanctuary Group
Published by Gareth Holmes for Sanctuary Housing Association in Housing and also in Communities
Today marks the start of an exciting new era for Aberdeen-based Tenants First Housing which has joined leadingUKhousing and care provider Sanctuary Group.
Tenants First members and board backed the move to Sanctuary, and their staff and customers are now set to benefit from the additional resources, expertise and financial support of the 78,000 home Sanctuary Group.
The Group already has a strong presence inScotlandwhere it manages 4,500 homes in Glasgow, Cumbernauld and Dundee. This portfolio will increase to almost 6,000 when combined with Tenants First’s stock of 1,400 homes in Aberdeenshire, Angus and Glasgow.
Tenants First will be able to draw on Sanctuary’s considerable development experience and finances to deliver their affordable homes programme, which includes the Donside development of 320 new homes inAberdeen.
Sanctuary has its own ambitious development plans forScotlandinvolving the construction of 900 homes over the next three and a half years. This forms part of Sanctuary’sUKdevelopment programme which will see the creation of around 5,000 new properties at a capital cost of £750m over the same period.
David Bennett, Sanctuary Group’s Chief Executive, said: “We are delighted to welcome Tenants First into Sanctuary. By combining our strategic and financial strength with their local knowledge and expertise we will undoubtedly achieve greater business efficiencies.
“Tenants First’s ambition to see more affordable housing and provide better value services to residents is aligned with our own and we aim to work together to achieve those goals.”
Sandy Murray, who led the project for Tenants First added: “We are looking forward to maximising the new benefits our membership of Sanctuary will bring for our tenants and the communities we serve. In particular, we will be able to continue developing new houses to meet the urgent need using both our existing portfolio of sites and through further acquisitions.”