Social landlords celebrate transfer

Leading social housing provider Stonewater has handed over the keys to 67 of its properties in Wandsworth, London to New World Housing Association.

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Residents gathered alongside colleagues from Stonewater and New World Housing Association on 21 August 2019 to celebrate the successful transfer of its housing stock in Mulberry Close.

The ribbon-cutting ceremony officially marked the tenanted transfer of the social rented properties, which has received support from Homes England, the Greater London Authority and Wandsworth Borough Council.

Both housing associations have worked hard to ensure tenants of the 59 flats and 8 bungalows, along with 15 garages on Mulberry Close experienced no interruptions to service throughout the transfer.

The decision to transfer the properties to another social landlord was formed as part of the organisation’s plans to develop a firmer geographic footprint and support communities that have a long term need for affordable housing in across England.

Nicholas Harris, Chief Executive at Stonewater said: “The transfer is part of our strategic plan to deliver high-quality homes and services to all of our existing and prospective customers. While we’re proud of what we’ve been able to achieve at Mulberry Close, the scheme is isolated – in terms of location – from our other housing stock and Stonewater offices.

“New World Housing Association is a local association based in Balham. They own and manage around 500 homes through Wandsworth, Lambeth, Lewisham, Southwark and Greenwich. Following the successful transition of the homes, we are confident that New World will continue to provide residents with an excellent service.”

Ian Weightman, CEO of New World Housing Association said: “New World is delighted with the purchase of the homes on Mulberry Close from Stonewater and we are looking forward to building a great relationship with all our new residents. We pride ourselves on our standards of service and believe a more local manager will be best place to deliver for all.”

This is not the first transfer of housing stock between the two housing associations. Last December, Stonewater transferred 19 flats to New World Housing Association in St Augustine’s House, Tooting, London. To ensure a smooth transition for tenants, in addition to the properties, the development scheme manager for St Augustine’s House also transferred to New World.

Sale of housing stock across London has enabled Stonewater to boost its ambitious plans to build additional new affordable homes, with a target of delivering at least 1,500 new homes each year for people who need them the most.