Just a fortnight after it acquired an interest in the majority of Connaught Partnerships' contracts and related assets, Morgan Sindall Group’s affordable housing division Lovell has secured agreements in principle with 42 local authority and housing association clients for the transfer of contracts to the company. More are expected to follow this week.
The deal is a major step forward for Lovell enabling the company to significantly expand its planned and response maintenance business, extend its geographical coverage and increase its client base. It also gives the firm a unique offering of response and planned maintenance, new-build social housing for rent, and new-build affordable open market homes for sale.
“We are pleased to have secured so many partnerships so quickly and are delighted with the way clients have responded,” says Lovell managing director Stewart Davenport. “Our prompt action has enabled us to provide customers with essential maintenance services with minimal disruption.”