Trusted media brand of the Chartered Institute of Housing
Trusted media brand of the Chartered Institute of Housing
25,000-home landlord seeks buyer as it reports overall deficit for 2024/25
Greensquare Accord has put it loss-making timber frame factory business Low Carbon Living Homes (LoCAL) up for sale as it focuses on strengthening its core social landlord services.
The 25,000-home landlord said in a statement that if no buyer is found it will close its Walsall factory by next April.
Greensquare Accord’s latest financial statements reveal LoCAL made a loss of £1.3m in 2024/25. The Midlands-based association said the factory in the year “delivered 139 plots” on its own schemes with 236 delivered to other developers.
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