Eastlight completes 703-home transfer from Clarion
The stock transition brings the East of England housing association to over 14k homes
Eastlight Community Homes has completed the acquisition of 703 homes from social landlord, Clarion Housing Group.
The transfer includes general needs, shared ownership and leasehold homes in Essex and Suffolk, including housing for older people and supported housing, plus a small number of homes for private rent.
Clarion Housing Group is the largest housing association in the UK, with 125,000 homes and 360,000 residents.
Eastlight, who has headquarters in Braintree and offices in Marks Tey, Essex, now owns and manages approximately 14,500 homes across the East of England.
Eastlight Chief Executive, Emma Palmer, said: “We are delighted to welcome new residents to Eastlight. This acquisition allows us to deepen our commitment to our communities, and a stronger local presence means that we can be better equipped to support our residents’ diverse needs over the long term.
“This transfer is a positive step forward for Eastlight, our partners and customers. By focusing our resources and expertise in this way, we are confident in our ability to provide the high-quality services that all residents expect and need.”
The transfer follows a consultation period with residents affected, which included Clarion visiting all households and providing the opportunity for residents to meet their new landlord.
Rob Lane, Chief Property Officer at Clarion Housing Group, said: “Eastlight was selected as the new provider for these homes after a thorough process and in partnership with residents. We will be working closely with Eastlight to ensure a smooth transition for all 703 households and know they will enjoy a great local service.”
Eastlight recently raised £70m in a bond issuance through the Affordable Homes Guarantee Scheme to help the housing association develop more than 3,000 new affordable homes in the East of England.