TLT advises housing association on 250-home acquisition

National law firm TLT has advised Heart of Medway housing association on the acquisition of more than 250 homes from L&Q.

The acquisition will see Kent-based Heart of Medway, a registered housing association and subsidiary of mhs homes group, become landlord of an additional 292 customers based in Dartford and Gravesham.

As well as supporting the growth and development of the housing association, the acquisition will also facilitate the construction of more affordable homes in the area, TLT said.

The acquisition was led by Shazia Bashir, partner in TLT’s housing and regeneration team with support from Rebecca Thibault and involved cross-practice expertise from TLT’s planning; tax; construction; property litigation; tech, IP and data; and employment teams.

Ashley Hook, chief executive and mhs homes group board trustee said: “The acquisition of 292 homes by Heart of Medway will play a significant role in supporting the strategic growth of mhs homes group. Thanks to their in-depth understanding of the housing association market, the team at TLT was able to act as an additional arm to Heart of Medway, completing the acquisition in record time.”

Shazia Bashir said: “The acquisition of homes by Heart of Medway is reflective of an increase in activity we’re expecting to see in this area in 2024, as housing associations seek to address the UK’s affordable housing shortage.”