London and Quadrant

  (Redirected from London and Quadrant Housing Trust)

London and Quadrant Housing Trust (L&Q) is a housing association operating in Greater London, South East England and East Anglia, based in Lewisham.[1] Quadrant Housing Association, one of its original forebears, was established in 1963. L&Q is one of the largest housing associations in London, according to The Times. As of 2019, the company owns 95,000 homes across London and the south-east.[2]

London and Quadrant
London & Quadrant logo.jpg
Founded1963
FounderRev Nicolas Stacey
TypeHousing Association
Location
  • London
Area served
London & South East England
Producthomes to buy, affordable & social rented homes, supported & sheltered housing
Key people
Aubrey Adams OBE (Chairman)
David Montague CBE (CEO)
Waqar Ahmed (Finance)
SubsidiariesQuadrant Construction Services Ltd
Employees
2300+ (2017)
Websitehttp://www.lqgroup.org.uk/

HistoryEdit

The Quadrant Housing Association was formed in the London Borough of Greenwich in 1963 when 32 people invested £2 each to create a housing association. Its founder, Rev Nicolas Stacey, was a Church of England priest who later became head of Social Services for Kent County Council.[3][4]

In 1973 Quadrant joined forces with another association, London Housing Trust, which had been set up in 1967. The merged organisation was named London & Quadrant Housing Trust.

In 2011, London and Quadrant was criticised by Conservative Party politicians alleging that L&Q had misled the public and MPs over its plans for development on the site of the Walthamstow Stadium.[5]

In December 2016, London and Quadrant merged with the East Thames Housing Group.[6]

In February 2017, L&Q completed a deal to buy the private land company Gallagher Estates for £505 million from Tony Gallagher.[7]

An independent review conducted by Campbell Tickell in 2018 revealed maintenance of some of the company’s properties had fallen below standards.[8]

The Times reported in 2019 the company owned 95,000 homes across London and the south-east.[2]

In 2019, L&Q acquired Trafford Housing Trust.[9]

Quadrant ConstructionEdit

In 2010, L&Q created an in-house construction practice, Quadrant Construction, which grew by 2016 to a £200m turnover business, making a £4m profit that was given back to the housing association. However, on 23 May 2017, L&Q announced a restructuring which would see Quadrant rebranded, with consultations starting about possible redundancies among the 200-strong workforce.[10]

ReferencesEdit

  1. ^ The Guardian, https://www.theguardian.com/housing-network/2012/jun/08/london-and-quadrant
  2. ^ a b Bounds, Andy; Evans, Judith. "L&Q to spend £4bn building homes in north-west England". Financial Times. Retrieved 2019-05-02.
  3. ^ "Obituary Rev Nicolas Stacey". The Times. 16 May 2017. Retrieved 3 July 2017.
  4. ^ "The Reverend Nicolas Stacey, reform-minded Anglican – obituary". The Telegraph. 9 May 2017. Retrieved 3 July 2017.
  5. ^ Hill, Dave (2012-11-11). "Walthamstow stadium: "This is not over," pledges Duncan Smith as campaign turns fire on Boris". The Guardian. ISSN 0261-3077. Retrieved 2019-05-02.
  6. ^ "East Thames and L&Q announce successful merger completion and refinancing". East Thames. 6 December 2016. Retrieved 25 April 2017.
  7. ^ Isabelle Fraser (2 February 2017). "L&Q snaps up land investor Gallagher Estates in £505m deal". Telegraph.co.uk. Retrieved 13 May 2017.
  8. ^ "'Weaknesses' found after investigation into L&Q repairs service". Inside Housing. Retrieved 2019-05-02.
  9. ^ Place North West, https://www.placenorthwest.co.uk/news/lq-completes-trafford-housing-trust-takeover/
  10. ^ Morby, Aaron (23 May 2017). "200 Quadrant Construction staff face restructure". Construction Enquirer. Retrieved 23 May 2017.