Trowers & Hamlins has advised Civitas Investment Management Limited, the U.K.’s largest provider of community healthcare and specialist education facilities with £3.5 billion of assets under advisory, on the registration of its wholly owned subsidiary, Quartz Housing Limited with the Regulator of Social Housing.
Registered Provider status will enable Quartz Housing to play a part in supporting the delivery of new general needs and shared ownership social housing, areas of high demand with strong environmental and social impact built into their operating models. 2024 will see Quartz Housing bring together the first phase of its significant pipeline of new build homes.
Partner Rob Beiley, who led Trowers' team on the registration, commented:
"We are delighted to see the successful registration of Quartz Housing, which will increase the supply of affordable housing in the UK at a time of acute shortage and when Housing Associations are having to scale back development in the face of investment needs in existing stock. The registration is further evidence of confidence in investment in affordable housing, a trend that we expect to grow strongly in the coming years."
Andrew Dawber, Group Director, Civitas, added:
“Quartz Housing represents our further commitment to delivering additional new high quality social and affordable housing of various tenures to support people to live within their own communities and to contribute to sustainable place making.”
