International law firm Trowers & Hamlins has advised Paradigm Homes Charitable Housing Association Limited (trading as SettleParadigm), on the acquisition of 3,500 homes from London & Quadrant Housing Trust (L&Q) in South Buckinghamshire. The stock transfer is the largest of its kind between two housing associations to date.
The move brings the total number of homes owned and managed by SettleParadigm to 30,000 following the merger last year between Paradigm Housing and Settle Group.
The homes are in areas that Paradigm already operates in, meaning the organisation will be able to take over the management of homes and services with little disruption to residents.
Trowers & Hamlins provided full legal support on the transaction, including comprehensive due diligence, contract support, assistance on construction works and advice on the supporting financial arrangements.
Matthew Bailes, CEO of Paradigm said:
“We believe that we can deliver more for the communities we serve if we become larger and more local. By acquiring these homes in our heartland, we can deliver excellent local services to our new residents and benefit from economies of scale. We can’t wait to welcome our residents on board.”
David Lewis, Executive Group Director, Property and Investment at L&Q, said:
“Since we announced our plans to explore a stock transfer in March 2025, we’ve carried out a formal consultation with residents and a comprehensive due diligence process. This has ensured Paradigm are the right organisation to manage these homes.
The transfer of these homes has now completed, and we have every confidence that Paradigm – a locally based housing provider – are best placed to deliver an excellent service in the area.
As an organisation, we consider homes for transfer where they sit outside our core geographies of Greater London and Greater Manchester. This supports our strategic decision to focus our activity on areas where we have the greatest concentration of homes, enabling us to provide responsive, joined up services which offer best value for residents.”
Jeremy Hunt, Partner in the Real Estate team at Trowers added:
“We were pleased to have supported Paradigm on this significant stock transfer, working closely with their team to deliver a smooth transfer that supports long-term benefits for residents and local communities.”
The transaction was led by Partners Jeremy Hunt and Hannah Jackson, supported by Senior Associate Anna Streeter. Construction matters were led by Partner Kathryn Noble, supported by Senior Associate Penny Puttick, while funding advice was led by Partner Natalie Singh.
