Orbit Group sells 250 homes as part of ongoing stock rationalisation strategy

Marsh Close PLJ 21 06 2022  0O2A4689

B3Living has acquired the homes, which are located in Hertfordshire and Essex

Orbit Group has sold 250 of its homes in East Hertfordshire and Epping Forest to 6,000-home housing association B3Living.

The sale is part of Orbit’s ongoing strategy to improve the ‘geographical efficiency’ of its housing stock, following previous sales to L&G Affordable Homes and non-profit older people’s housing management company ELM.

The 250-home acquisition represents a nearly 5% stock increase for B3 Living. B3Living noted that it is the closest landlord to the area where the homes are located, which will help ensure it maintains service delivery for customers.

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