Social housing group expands portfolio
Social housing provider Stonewater has taken over 309 tenanted rental homes in Coventry after agreeing a stock transfer with The Guinness Partnership.
The transfer includes 176 houses in Tanyard Farm, Tile Hill, 133 homes in Woodway Park, a community centre, estates offices and a store.
Stonewater now has a portfolio of 1,186 affordable homes in Coventry among the 9,000 it owns and manages across the West Midlands.
“We are committed to increasing the number of affordable homes we own and manage in the Coventry area in communities where they are most needed,” says George Blunden, Stonewater Chair.
“We have worked closely with The Guinness Partnership and in consultation with residents to complete this stock transfer and our dedicated Coventry housing team is focussed on providing our new customers with a caring and responsive local service to meet their needs.”
Guinness will use the money raised to invest in building more homes and improving existing ones.
Catriona Simons, Chief Executive of The Guinness Partnership, says: “We managed a relatively small number of homes in Coventry and wanted to transfer these homes to another housing association with more presence in the area.
“We went through a full competitive evaluation before we chose to transfer our Coventry homes to Stonewater. We were delighted with the quality of their submission and we believe they are really well-placed to continue to deliver quality services to customers in the future.”
