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Successful Completion of Second Stage Transfer

Successful Completion of Second Stage Transfer

On 27 June 2011, we successfully completed the last batch of housing stock second stage transfers from Glasgow Housing Association to several of our Registered Social Landlord (RSL) clients, meaning that the properties are now in the ownership of community-controlled housing associations throughout the city. In total, almost 19,000 homes have transferred to the delight of tenants who voted in favour of their new landlords during the consultation period.

Having been involved in bringing the planned transfer programme to fruition for many years, 2009 saw us achieve the completion of the first transfers, with the last of 32 separate transactions involving 24 RSL clients settling in June. The process has been complex and challenging, but the our team took it in their stride and successfully delivered the programme on time.

The process involved our commercial, property, charity, employment, housing management and court teams and its successful completion is testament to our 'joined-up' approach, and the firm's diversity of expertise. Having worked in close partnership with the transferee organisations throughout the process, our clients are very happy with the work that we have done and we are very proud to have assisted in the growth of their business and, most importantly, delivering a satisfactory result to those tenants who voted in favour of the transfers.

Stephen MacGregor, lead partner of the Second Stage Transfer programme said "I am very proud to have been part of this process and its success is a credit to our hard-working team".

CTA legal updates_

Authors

TC Young