Paragon Treasury PLC Partnership Discussions (7714S)
March 23 2021 - 6:00AM
UK Regulatory
TIDM60VT TIDM93FO
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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