Housing provider snaps up supported units after fellow provider opts to sell
Published by Anonymous for 24dash.com in Housing
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Social housing provider BCHA has bought 124 supported and sheltered accommodation units from fellow provider Knightstone Housing Association.
Knightstone chose to sell the units, which are spread throughout Dorset and Hampshire, as part of a strategy to rationalise its property portfolio in the south.
Janice Hughes, BCHA's director of finance and corporate resources, said: “It is an exciting time for BCHA at the moment as we continue to expand our property portfolio through both stock purchase and new developments, meeting one of our key targets, to increase our owned assets.
“We already have a strong profile throughout Dorset, and we’re steadily growing our presence within Hampshire. Through acquiring assets within these areas we are not only able to help more vulnerable people with accommodation, but also have a louder voice to help influence new service provision for these people.“
The properties include a domestic abuse refuge, registered care homes, supported housing and housing for older people.
BCHA will manage some of the units directly with the others looked after by a range of existing managing agents.
Knightstone's chief executive, Nick Horne, said: “We’ve worked hard over the last two and half years on a transformational change programme that’s seen us reduce our operating area from 37 local authority areas to nine. This transfer of homes to BCHA is one part of that programme.
"The changes mean that affected residents will benefit from a more local, cost effective service. We’re using the savings we’ve made to invest in the communities we work in to ensure that they’re great places where people want to live and to develop more affordable homes, to help meet the housing needs of people in Somerset and the West of England.”