Over 400 properties will join Housing 21’s portfolio as the acquisition with Clarion was announced on Monday 19 June.
Pictured: Windmill Court, one of the new schemes that Housing 21 have acquired
This strategic move further solidifies Housing 21's position in the market and demonstrates its commitment to meeting the housing needs of older people.
The acquisition includes a total of 11 schemes located in London, East Anglia and the South East, adding to the already extensive portfolio. This expansion into new areas will enable Housing 21 to reach a wider demographic and provide high quality care to more older people.
This announcement comes on the heels of the successful acquisition of 472 properties from Notting Hill Genesis in February this year, reinforcing the provider's presence in the capital. These consistent acquisitions highlight Housing 21's dedication to expanding its reach and ensuring that high-quality housing options are accessible to those with modest means.
Tony Tench, Deputy Director at Housing 21, said: "We are delighted to announce our latest acquisition of 445 properties from Clarion. This strategic move not only expands our portfolio but also allows us to continue our mission of providing Extra Care and Retirement Living for older people of modest means.
“We remain committed to investing in our existing homes while actively developing new housing options to meet the evolving needs of older individuals.
“In addition to the acquisition plans, Housing 21 remains committed to investing in existing homes, prioritising the comfort and wellbeing of all residents, ensuring that older people can continue to live in safe and comfortable environments.
Furthermore, Housing 21 has ambitious development plans to construct up to 400 new homes for older people each year, to meet the growing demand for suitable accommodations within supportive communities.
Michelle Reynolds, Chief Customer Officer at Clarion Housing Group, said: “Housing 21 is a market leader in housing and care for older people, evidenced by its high customer satisfaction. Housing 21 was selected as our preferred bidder through a rigorous process, including three resident representatives on the assessment panel and in consultation with all residents across the 11 schemes.”
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