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Clarion Funding plc (96XN)

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Tuesday 03 March, 2020

Clarion Funding plc

Transfer of 1,175 homes to The Riverside Group

RNS Number : 9091E
Clarion Funding plc
03 March 2020

Clarion Funding plc

3rd March 2020

Riverside acquires 1,175 homes from Clarion Housing Group

Clarion Housing Group announces that The Riverside Group has acquired 1,175 homes from Clarion in Newcastle and South Shields following a successful bidding process and consultation period with residents.

The homes generated less than 1% of the turnover of Clarion Housing Group.

Clare Miller, Group Chief Executive at Clarion, commented:

"I am delighted that Riverside has been chosen, in close partnership with our residents, as the new landlord for our homes in Newcastle and South Shields.

"Riverside has been working very hard with us to ensure a smooth transition for residents and is already laying the groundwork for a great relationship with them.

"Riverside has a strong existing presence in the north of England and an excellent track record, holding the highest ratings from the Regulator of Social Housing."


For more information please contact:

Gareth Francis, director of treasury and corporate finance, Clarion Housing Group - 0778 7555655 / [email protected]

Lucy Pond, communications manager, Clarion Housing Group - 0771 8269023 / [email protected]


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