Southern secures £43m of new housing stock

Featherstone Islington Southern Housing

South East housing association Southern Housing Group has completed the acquisition of 496 homes from Hyde Group for £43m.

The major stock acquisition is the largest for the housing association since 2015 and sees Southern build up its stock across seven locations: Woking, Thurrock, Southend, Hastings, Rother, Wealden, and Sevenoaks. The homes cover a range of tenures from general needs, shared ownership to supported housing. The portfolio includes management agreements with seven different third-party registered providers and care & support providers. In addition, Southern Housing Group will directly manage a sheltered housing scheme in Hastings.

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