Regenda Homes partners with Legal & General Affordable Homes, to deliver 3,500 homes across the UK
Regenda Homes, part of The Regenda Group, is delighted to announce we are one of 14 established housing associations and providers selected to partner with Legal & General Affordable Homes (Legal & General). Partners will form a panel to lead housing operations across the UK, bringing local expertise to support Legal & General in delivering its pipeline of 3,500 affordable homes.
Legal & General is leading the evolution of the affordable housing sector, as it commits to raising service standards and deploying long-term institutional capital to increase provision in a sector which continues to suffer from chronic undersupply.
The announcement follows an extensive, two stage tender process, launched in March 2019, which received 140 expressions of interest. Legal & General has selected partners with the highest regulatory ratings, who have demonstrated a commitment to deliver exceptional customer services to residents. Regenda Homes will deliver services to Legal & General in developments taking place across the North West including; Merseyside, Lancashire, Halton and Cumbria.
Collaboration with top quality housing associations has been a key aim for Legal & General as it establishes itself in this sector to deliver a mix of social, affordable rental and shared ownership homes, within Section 106 agreements and grant supported schemes.
Michael Birkett, Chief Executive at Regenda Homes says:
“Regenda Homes has a strong track record of providing housing and maintenance services on behalf of partner organisations. We are delighted to be working with Legal & General on this innovative model, that increases the supply of quality and affordable homes in a time of significant need'
Ben Denton, Managing Director, Legal & General Affordable Homes, says:
“After a rigorous tender process, focusing on the quality and customer service offering of 140 UK-wide housing associations, we have now established an experienced panel of management partners. With residents already moving into our first schemes, this represents another milestone as we continue to pioneer the Institutional Registered Provider model. There is an urgent need to keep innovating in this sector and to provide quality, stable homes for the 1.1 million households on waiting lists in England.”