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The Group are pleased to announce the successful acquisition of a mixed tenure stock portfolio from London and Quadrant (L&Q) Housing Trust comprising 168 units situated in Ashford, Kent.
The ownership and management of the tenanted stock was legally transferred to the Group on Monday 31 March 2014.
This acquisition demonstrates the successful implementation of Group’s stock rationalisation strategy to achieve low-risk, capital efficient stock-holding growth in key operational borough areas.
The Group believes that significant customer service improvements and management cost efficiencies will be delivered through the stock rationalisation programme.
This activity also responds to key elements of the Group’s Corporate Strategy going forward, which is to maintain and develop “a business with social objectives.
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