Landlord Spends £22m Buying Back Homes

In its unaudited accounts for 2020/21, Notting Hill Genesis (NHG) said it has purchased 73 of the 105 homes on the Paragon Estate in west London, which was evacuated in October last year after an intrusive survey identified several building safety concerns. NHG evacuated roughly 1,000 residents, including students living in student accommodation, while further investigative work was undertaken. It said this investigative work, which will “establish the full extent of any required structural and fire safety works”, is not yet complete and in the meantime NHG has offered to buy back the homes of leaseholders, including shared owners. Read more on Inside Housing.

Inside Housing - News - G15 landlord spends £22m buying back homes on development evacuated over safety issues