The first batch of private rent properties have been acquired by Cross Keys Homes of Peterborough for their pioneering move into the Private Rented Sector (PRS).
The new chief executive of the housing association Claire Higgins has called its decision to move into the private rented sector as a “milestone” moment for the organisation.
Cross Keys Homes purchased its first properties for rent at market levels in the heart of the Peterborough. Operating under a new company name called Cambridgeshire Homes it will embark on new more commercial housing to provide more housing opportunities for people in Peterborough.
Already providing over 10,000 affordable homes locally the organisation is involved in providing social, sheltered housing, extra care, shared ownership, four homeless hostels and many affordable rented properties.
Cambridgeshire Homes has purchased an existing block of luxurious apartments at Saffron Court on Park Road, and aims to continue its Cross Keys Homes’ tradition of being a high quality and professional landlord.
Cross Keys Homes’ Chief Executive, Claire Higgins, has said:
“This is a true milestone for us and we are looking forward to Cambridgeshire Homes’ property portfolio growing. Our development team led by David Keeling have achieved great things in a short space of time and there is much more to come.”
“As an already highly regarded landlord, we felt that it was important to extend our reach to those who are privately renting to give them the kind of service we offer our existing residents.”
Cross Keys Homes will look to grow its market rent portfolio as other opportunities arise.
Image shows Norman Gateway, Peterborough
— LandlordZONE (@LandlordZONE) January 20, 2015