London housing association L&Q has announced plans to sell its private rental arm, called Metra Living. The decision comes as part of L&Q’s strategy to focus on its core social housing mission and to streamline its operations. Metra Living currently owns and manages over 2,000 private rental homes in London, with a focus on providing high-quality, well-designed properties for tenants.
L&Q has stated that the sale of Metra Living will allow the organization to reinvest the proceeds into building more affordable homes for those in need. The housing association has a strong track record of providing affordable housing in London and aims to continue this work through the sale of Metra Living. L&Q has reassured tenants that the sale will not impact their tenancy agreements, and that they will continue to receive the same level of service and support.
The decision to sell Metra Living comes at a time when the demand for high-quality rental accommodation in London remains strong. With rents in the capital continuing to rise, there is a growing need for affordable rental properties that meet the needs of Londoners. L&Q’s focus on affordable housing and commitment to building more social homes will help to address this demand and provide much-needed support for those in need of safe and secure accommodation.
L&Q’s decision to sell Metra Living also comes at a time of significant change in the London property market. With the impact of the Covid-19 pandemic still being felt, there is a growing focus on the importance of providing secure and affordable housing for all Londoners. By selling Metra Living, L&Q is taking steps to ensure that its resources are directed towards its core social housing mission and that it can continue to support those in need of affordable housing in the capital.
The sale of Metra Living is expected to attract significant interest from investors looking to acquire a portfolio of high-quality rental properties in London. With a strong track record of providing well-designed and well-maintained homes, Metra Living presents an attractive opportunity for investors looking to make a positive impact in the London rental market. L&Q is committed to ensuring a smooth transition for both tenants and investors during the sale process, with a focus on preserving the quality of service and support provided to tenants.
Overall, the sale of Metra Living represents a strategic decision by L&Q to focus on its core social housing mission and to reinvest in building more affordable homes for those in need. By streamlining its operations and aligning its resources with its mission, L&Q is taking steps to ensure that it can continue to support the most vulnerable members of society in London. The sale of Metra Living is expected to attract significant interest from investors looking to acquire a portfolio of high-quality rental properties in the capital, with the potential to make a positive impact in the London rental market. L&Q remains committed to providing affordable housing for all Londoners and to supporting those in need of safe and secure accommodation.
