LONDON: London & Quadrant (L&Q) Housing Trust, one of the UK’s largest housing associations and developers, has today completed the acquisition of Trafford Housing Trust.
The acquisition of Trafford Housing Trust (THT), and its integration with London & Quadrant’s existing operations, combines THT’s local knowledge, relationships and reputation for quality and innovation with London & Quadrant’s 50 years’ experience in planning and infrastructure delivery and as a developer of homes, places and communities.
The deal has grown out of a long-standing and highly-successful joint venture partnership and will support a long-term ambition to build 20,000 much-needed new homes in the North West.
Commenting, David Montague, CEO of L&Q Group, said: “Together, L&Q and THT can do so much more to address the need for more affordable housing in the North West and to invest in local communities.”
Larry Gold, Chief Executive of Trafford Housing Trust, added: “THT has an outstanding reputation as a builder of communities. As a self-managed subsidiary of L&Q, we will be able to build more homes, improve more lives and invest in more communities at a vastly improved scale and pace.
“We will balance the need for new homes in our region with the on-going requirement and commitment to our customers to provide the best possible social housing.”