Spectrum Housing Group completes major property deal
Published by Tina for Spectrum Housing Group in Housing
Two of the South West’s biggest housing providers have completed another major property deal in Dorset, Hampshire and Somerset.
Spectrum has taken ownership and management of 310 homes, previously owned by Knightstone Housing, in Dorset and Hampshire. In return, Knightstone is taking ownership and management of 630 homes, previously owned by Spectrum Housing Group, in Somerset. This is all part of a wider strategy to deliver a more efficient, local service to residents of both landlords.
Confirmation of the stock swap follows a detailed six-week consultation with residents affected by the transfer. Residents whose homes have been transferred will now benefit from closer local management.
Stuart Davies, Neighbourhood Services Director at Spectrum Housing Group said: “This transfer is all about strengthening our role in local communities and providing more effective services in a tighter geography. We know Knightstone like ourselves are committed to working with their residents and in that sense this swap was a good strategic fit. I am sure it will be in the best interests of all our residents."
This move is another important step in Spectrum’s corporate plan, which includes concentrating services in Devon, Dorset, Hampshire and the Isle of Wight.
Nick Horne, Chief Executive of Knightstone Housing said: “This swap is another step forward in our bold package of changes, which will transform what we do, how we do it and where we do it.
“Spectrum shares our passion for providing excellent customer service and we’re confident that their local presence and strength in Dorset and Hampshire will be good news for residents.”