BCHA and Knightstone announce stock deal

BCHA have purchased 124 units of supported accommodation.

BCHA have purchased 124 units of accommodation in supported and sheltered housing throughout Dorset and Hampshire, increasing their presence within these areas. These properties have recently been purchased from Knightstone Housing Association, who sold them as part of their on-going strategy to rationalise their property portfolio in the South.

The property comprises a mix of dwellings, some of which BCHA will manage directly, while some will be looked after by a range of existing managing agents. The properties purchased include a domestic abuse refuge, registered care homes, supported housing and housing for older people. BCHA will be providing the housing management, and estate and maintenance services to these properties, offering tenants a more local and responsive service.

Janice Hughes, Director of Finance and Corporate Resources at BCHA, commented: “It is an exciting time for BCHA at the moment as we continue to expand our property portfolio through both stock purchase and new developments, meeting one of our key targets, to increase our owned assets.

“We already have a strong profile throughout Dorset, and we’re steadily growing our presence within Hampshire. Through acquiring assets within these areas we are not only able to help more vulnerable people with accommodation, but also have a louder voice to help influence new service provision for these people.“

Nick Horne, Chief Executive at Knightstone, said: “We’ve worked hard over the last two and half years on a transformational change programme that’s seen us reduce our operating area from 37 local authority areas to nine. This transfer of homes to BCHA is one part of that programme.

‘The changes mean that affected residents will benefit from a more local, cost effective service. We’re using the savings we’ve made to invest in the communities we work in to ensure that they’re great places where people want to live and to develop more affordable homes, to help meet the housing needs of people in Somerset and the West of England.”

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