Auxesia Homes doubles in size with major stock transfer

Auxesia Homes has acquired the assets of St Arthur Homes, encompassing some 325 shared ownership properties in the South of the UK.

In a deal that will see the for-profit RP effectively double in size, this milestone development will significantly improve the financial strength of the business. By bringing in a new lender as part of the transfer, and coupled with the recent significant equity injection, the financial viability of Auxesia continues to improve.

Based in Central London, St Arthur Homes owns and operates a shared ownership portfolio, having launched in 2013. Part of the Futureal Group, St Arthur Homes will continue to operate as an independent registered provider, with one member of staff TUPE’d across to Auxesia Homes.

The move brings the total number of properties managed by Auxesia Homes to 637, with plans to deliver a further 1,300 homes by 2030.

Claire Donnelly, Interim CEO at Auxesia Homes commented: “This is an incredibly important milestone for Auxesia – the stock transfer demonstrates our investors commitment to the sector and helps facilitate our trading strategy moving forward. 

“This deal is now complete and we have begun the process of welcoming the residents of the properties into the Auxesia family.”