North East London based housing association NLM has acquired 74 homes at the Marconi Road estate under its Waltham Forest expansion
NLM has acquired 74 homes at the Marconi Road estate in Waltham Forest through the Build London Partnership. It is hoped that the unique collaboration between L&Q and the GLA will support smaller housing associations so that they can tackle London’s housing crisis.
NLM is expanding capacity and simplifying housing management
L&Q had previously acquired the houses as part of previous mergers with East Thames and Ujima. The transfer to NLM as the sole registered provider has simplified the management of homes, shared spaces and housing services at the estate.
The Build London Partnership has been collaborating with NLM to build capacity by developing 42 homes in Tower Hamlets, 21 homes in Enfield and 10 homes in Waltham Forest. Four additional homes are in the pipeline at Lavender Hill, Enfield.
The Waltham Forest expansion is helping smaller housing providers to grow their business
John Lumley strategic Sales Director at L&Q commented:
“We’re delighted to have completed this transfer which will help our partner NLM establish itself as a significant housing provider in Waltham Forest. With over 6,000 homes under management in the borough, and a committed local development pipeline of 700 homes at nearby schemes including The Chain and Blackhorse Road in Walthamstow, L&Q is committed to building the capacity of smaller housing associations to tackle London’s housing crisis.”
Abi Jacobs director of strategic partnerships at L&Q added:
“Three years in, the Build London Partnership is continuing to deliver small developments for its partners. We’re committed to supporting NLM’s strategic growth across London and this deal follows on from recent successes at 256 Church Road in Waltham Forest, alongside our wider work together in Enfield and Tower Hamlets.”
Chief Executive at NLM Aziz Rahim said:
“L&Q helped us again to increase our property portfolio in the heart of our operation. L&Q should be proud of their noble commitment and dedication to help smaller registered providers to grow. NLM is delighted to have completed this transfer, and we are looking forward to building a great relationship with all our new residents.
“Expanding our portfolio of properties fits with our strategic plans, and as an organisation rated amongst the top in our peer group, residents can be rest assured NLM is well placed to provide quality landlord services well into the future.”
