The news that Manchester–based Trafford Housing Trust has taken on £275m of re-financing, partly in order to fund a new partnership with London and Quadrant housing trust (L&Q), is an interesting development for the social housing sector.
L&Q operates in London and the south-east and has no track record of activity elsewhere. Yet under this 50/50 deal, it will invest £80m to build 2,000 homes across the north.
This trans-regional partnership reflects a growing entrepreneurial commercial spirit among housing associations but comes with dangers attached. Continue reading