Arhag Annual Report 2019/2020

Having managed to complete the sale on three properties for outright sale in Siva Court, and transferred 11 properties in South London to another Registered Provider so we could concentrate our activities in our core areas, we also handed back more properties to Newham Council during the year. We will review our 2017-22 Business plan to assess our position on further developments. We are looking to increase our unit numbers via other methods next year, such as long-term lease agreements and joint ventures with other developers, to take advantage of Section 106 agreements in our geographical areas. Should good transfer opportunities arise we would certainly consider the proposals in the best interests of the Association. We will continue to consider transferring properties in South London. This proposal would improve efficiencies, by releasing resources so we can focus on our portfolio of accommodation for migrants and refugees in the North and East quarters of London and adjoining areas. This is in line with our current strategy and our “go to” agenda. Despite the ever-changing socio-economic-political environment that we are living through, we are feeling financially and strategically comfortable. “We are looking to increase our unit numbers via other methods next year, such as long-term lease agreements and joint ventures with other developers.” Housing Stock 2020 No. of units 2019 No. of units Owned Housing Property Freehold 728 757 Long lease 108 104 Short lease 36 36 872 897 Shared Ownership 17 17 Hostel Bed Spaces Freehold 13 13 902 927 Managed not owned Short Life LB Newham 16 45 Private Landlord 2 1 18 46 920 973 Other Units Owned by: Managed by: LB Newham Bahay Kubo HA 8 11 LB Newham Tamil HA 3 5 11 16 DEVELOPMENT ANDGROWTH 12 Arhag