L&Q to acquire Trafford Housing Trust.

L&Q, one of the UK’s largest housing associations and developers, has completed the acquisition of Trafford Housing Trust, a housing association. Financial terms were not disclosed. The terms of the acquisition agreement enable Trafford Housing Trust to retain and reinvest any profits made through new home sales into its own schemes and social programs. “Trafford Housing Trust has an outstanding reputation as a builder of communities. As a self-managed subsidiary of L&Q, we will be able to build more homes, improve more lives and invest in more communities at a vastly improved scale and pace," Larry Gold, Trafford Housing Trust Chief Executive.