Housing association Cross Keys Homes has bought its first properties for rent at market levels in the heart of the Peterborough.
The association already provides more than 10,000 affordable homes locally including social, sheltered housing, extra care, shared ownership, four homeless hostels and many affordable rented properties.
Now Cross Keys Homes has registered a new company called Cambridgeshire Homes to embark on more commercial housing. It has just bought an existing block of luxurious apartments at Saffron Court in Park Road.
Cross Keys Homes’ chief executive Claire Higgins said: “This is a true milestone for us and we are looking forward to Cambridgeshire Homes’ property portfolio growing.
“As an already highly regarded landlord, we felt that it was important to extend our reach to those who are privately renting to give them the kind of service we offer our existing residents.Cross Keys Homes will look to grow its private rent portfolio as other opportunities arise. Our development team led by David Keeling have achieved great things in a short time.”