23rd Mar 2021 10:00
RNS Number : 7714S
Paragon Treasury PLC
23 March 2021
Paragon Asra Housing Limited and Accent Group Limited - Partnership Discussions
Accent Group Limited (Accent) - parent of Accent Capital PLC - and Paragon Asra Housing Limited (PA) - parent of Paragon Treasury PLC - are exploring the merits of a potential partnership.
Both organisations are not-for-profit housing associations. PA has 23,200 homes in London, Surrey and the Midlands. Accent has 20,700 homes in the North, Midlands and the South East.
PA and Accent already have the highest possible G1/V1 regulatory ratings. A final decision on the proposed partnership will be made by both Boards in the coming months.
While discussions continue, both organisations will focus on delivering existing commitments to customers on investment, service improvements and new homes.
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Related Shares:
Accent Cap 49
