Stonewater expands reach with acquisition of 370 homes in South East
One of the country’s social housing providers, Stonewater, has acquired 370 homes in Oxfordshire and Berkshire as part of its continued expansion.
The organisation already has a well-established presence in the South East, owning or managing 1,050 properties within the boundaries of Oxford City Council, South Oxfordshire District Council, West Berkshire Council, Cherwell District Council, and Vale of White Horse District Council.
It has now strengthened its portfolio in the region after purchasing 370 homes from Metropolitan Thames Valley Housing (MTVH). The tenures include 134 shared ownership homes, 49 leaseholds, and 187 for general needs.
The tenanted transfer follows a consultation period with residents and Stonewater is committed to ensuring that services will not be interrupted during the process.
Patrick Chauvin, Chief Officer of Safety, Assets & Sustainability at Stonewater, said: “We already have a strong portfolio of homes in Berkshire and Oxfordshire so understand the needs of, and challenges faced by, customers.
“We are delighted to have reached an agreement with Metropolitan Thames Valley Housing regarding the acquisition of 370 additional homes and are looking forward to working with customers to ensure they have affordable homes that they can feel safe and comfortable in, within communities they can feel proud of.”
Guy Palmer, MTVH Director of Regeneration, added: “MTVH selected Stonewater due to its strong local presence and high standards of service which MTVH residents have come to expect. We are confident that this transfer to Stonewater is in the best interests of our customers who have been engaged throughout the sale process.
“MTVH has conducted several other similar transfers to regional RPs since 2019 to enable it to focus on its key geographical areas of operation, this latest sale to Stonewater continues these efforts.”