SettleParadigm Acquires 3,500 London Homes from Leading Landlord
SettleParadigm has officially acquired 3,500 homes in South Buckinghamshire from leading landlord L&Q. This significant transaction represents the largest stock transfer to date between housing associations in the UK.
Details of the Acquisition
The acquisition was announced on January 26, 2025. It expands SettleParadigm’s portfolio to a total of 30,000 homes. This increase in stock follows the merger between Paradigm Housing Group and Settle, which concluded legally in October 2025.
Statements from Leadership
Matthew Bailes, the chief executive of SettleParadigm, expressed optimism about the acquisition. He stated, “We believe that we can deliver more for the communities we serve if we become larger and more local.” Bailes emphasized the benefits of enhancing local services and achieving economies of scale.
David Lewis, the executive group director for property and investment at L&Q, highlighted the thorough consultation process conducted with residents prior to the transfer. He remarked that they have confidence in SettleParadigm’s ability to manage these homes effectively.
Strategic Implications for Housing
The transfer aligns with L&Q’s strategy to concentrate on areas with higher housing demand, specifically Greater London and Greater Manchester. This focus allows L&Q to provide better services and value to residents.
Supporting Advisors
Multiple firms provided assistance during this complex transaction. Savills’ Affordable Housing Consultancy, Trowers & Hamlins, and Campbell Tickell facilitated the transfer to SettleParadigm. L&Q received guidance from Devonshires and JLL.
Impact on the Housing Market
According to an analysis by Savills, stock rationalization between housing providers has emerged as a strategy to bolster development efforts and financial strength. Over the past three years, providers that engaged in stock transfers have produced three times more new build social homes than those that did not.
Research shows that this trading market has grown to be worth over £500 million annually, involving a range of stakeholders, including housing associations, for-profit registered providers, and local authorities.
- Deal Size: 3,500 homes
- Location: South Buckinghamshire
- New Portfolio Size: 30,000 homes
- Announcement Date: January 26, 2025
- Merger Completion Date: October 2025
The acquisition by SettleParadigm marks a pivotal moment in the housing sector, paving the way for enhanced community services and accelerated housing development in the UK.
