Magenta Living has completed the purchase of more than 400 affordable homes from Your Housing Group for a undisclosed sum.
The properties transferring to the Birkenhead-based housing association include rented, supported, leaseholder and shared ownership properties across a number of different neighbourhoods throughout the Wirral.
All existing tenancy agreements and lease contracts transferred from YHG will remain in place. Magenta will now set about contacting all residents and carrying out a series of visits for any issues to be raised.
Brian Simpson, chief executive of Magenta Living, said: “We are really pleased to acquire over 400 more affordable homes in Wirral and I would like to thank Your Housing Group for choosing us and for helping make the transfer process a smooth one.
“We are committed to providing homes and building communities where all can thrive and we are looking forward to welcoming our new residents to Magenta Living.”
John Cogbill, chief operating officer for YHG, said: “We are delighted that the transfer to Magenta Living is taking place and we are confident that in their hands the interests of the Wirral residents are protected and that they will be served well.”