SettleParadigm has announced the acquisition of 3,500 homes in South Buckinghamshire from L&Q. The stock transfer is the largest of its kind between two housing associations to date.
The move brings the total number of homes owned and managed by SettleParadigm to 30,000, following the merger last year between Paradigm Housing and Settle Group.
The homes are in areas that Paradigm already operates in, meaning the organisation will be able to take over the management of homes and services with little disruption to residents.
Matthew Bailes, CEO of Paradigm, said: “We believe that we can deliver more for the communities we serve if we become larger and more local. By acquiring these homes in our heartland, we can deliver excellent local services to our new residents and benefit from economies of scale. We can’t wait to welcome our residents on board.”
David Lewis, executive group director of property and investment at L&Q, said: “Since we announced our plans to explore a stock transfer in March 2025, we’ve carried out a formal consultation with residents and a comprehensive due diligence process. This has ensured Paradigm are the right organisation to manage these homes.”
“The transfer of these homes has now completed, and we have every confidence that Paradigm, a locally based housing provider, is best placed to deliver an excellent service in the area.”
“As an organisation, we consider homes for transfer where they sit outside our core geographies of Greater London and Greater Manchester. This supports our strategic decision to focus our activity on areas where we have the greatest concentration of homes, enabling us to provide responsive, joined-up services which offer best value for residents.”
Savills Affordable Housing Consultancy, Trowers & Hamlins and Campbell Tickell all provided transactional and legal advice to support the successful transfer of these homes to Paradigm.
