Pinnacle Group has been appointed by Legal & General as a management partner for its Affordable Homes business which has a delivery pipeline nationwide of 3,500 affordable homes. Pinnacle is the only private company – alongside 13 Housing Associations – to be appointed.
Following an extensive, two-stage tender process involving 140 companies, Pinnacle has been chosen by Legal & General to work across 97 designated areas in the North East, Midlands, South East and South West, in addition to every London borough, building upon its established nationwide delivery infrastructure.
The partnership will last for a minimum of 10 years and allow Pinnacle to focus on service delivery and resident experience, in line with Pinnacle’s Community Stewardship approach which prioritises long-term involvement in day-to-day community-facing services.
“Legal and General’s entrance into the affordable housing market is an exciting proposition for everybody committed to increasing the supply of good quality, affordable homes,” said Claire Kober, Managing Director, Homes at Pinnacle Group. “Pinnacle is delighted to be working with Legal & General and proud to have been selected as part of the network of affordable housing providers. We believe we can make a considerable contribution to Legal & General’s ambition to provide the highest quality customer experience.”
Legal and General’s entrance into the affordable housing market is an exciting proposition for everybody committed to increasing the supply of good quality, affordable homesClaire Kober, Managing Director, Homes, Pinnacle Group
Ben Denton, Managing Director, Legal & General Affordable Homes, commented: “After a rigorous tender process, focusing on the quality and customer service offering of 140 UK-wide housing associations, we have now established an experienced panel of management partners. With residents already moving into our first schemes, this represents another milestone as we continue to pioneer the Institutional Registered Provider model. There is an urgent need to keep innovating in this sector and to provide quality, stable homes for the 1.1 million households on waiting lists in England.”