REG - Paragon Treasury Plc Accent Capital PLC - Partnership Discussions

AccentAnnouncement

23/03/2021 11:05

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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