Urban&Civic acquires L&Q
Urban&Civic has acquired the housing association London & Quadrant Housing Trust (L&Q), expanding its portfolio into Milton Keynes and other 'high-growth locations'.
Catesby Estates, Urban&Civic's land promotion subsidiary will also benefit by advancing new target areas and enhancing market competition.
L&Q, which manages more than 105,000 homes, acquired Gallagher Estates in 2017 to boost regional housing in the Midlands and South East. Now, L&Q aims to focus growth in Greater London and Manchester, where housing needs are greatest.
Nigel Hugill, Urban&Civic’s chief executive, highlighted the necessity of strategic sites to meet housing targets in South East England and sees the acquisition as a significant advancement for both Urban&Civic and Catesby Estates.
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