G15 landlord focusing on core areas of London and Manchester while 30,000-home SettleParadigm says deal will boost its economies of sale

Newly-merged provider SettleParadigm has completed the acquisition of 3,500 homes from housing association giant L&Q.

SettleParadigm, which was formed through a merger in October, said the stock transfer of homes in south Buckinghamshire will help it improve services to residents and benefit from economies of scale. The move means SettleParadigm now owns and manages 30,000 homes.

L&Q offices

L&Q’s offices in Stratford, east London. The G15 landlord is focusing on improving services in its core geographical areas of London and Manchester.

Matthew Bailes, chief executive of SettleParadigm 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.”

The sale is part of L&Q’s strategy to focus on its core geographical areas of London and Manchester.

David Lewis, executive group director of property and investment at L&Q, said: “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.”

L&Q has also been in discussions in recent months about selling its private rented sector business Metra Living. In July 2024 it sold its strategic land arm Urban & Civic.

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