London & Quadrant Housing Trust (L&Q) has advanced its investment and operational streamlining strategy, with a projected £1.8 billion pipeline driving long-term growth, despite a slight dip in turnover.

In a trading update for the nine months ended 31 December 2025, turnover fell to £764 million, down slightly from £803 million in the same period last year, while operating profit dropped to £299 million from £342 million.

The housing association and developer completed 1,506 new homes, up from 1,410 in 2024, as it continues to prioritise long-term investment in existing stock, spending £285 million on maintenance, up from £253 million the previous year.

L&Q is streamlining operations

the company is transferring 3,500 homes to Paradigm Homes and progressing with the sale of its private rented sector business to increase financial capacity.

Currently operating on 75 active sites with 7,770 homes in its approved development pipeline, 66 per cent of which are on-site, it holds an additional 25,480 land plots.

The projected cost of its pipeline through to 2040 is £1.8 billion, with £1.2 billion already committed.

Welcoming government measures to support housing, including the updated Decent Homes Standard, the group remains focused on affordable and social housing, with key milestones such as the 520 homes completed at Beam Park for Barking and Dagenham Council.

Looking ahead, L&Q expects its year-end operating profit to be between £340 million and £360 million and plans to complete 2,069 new homes by March 2026, down from 2,316 in 2025 as its pipeline slows.

Ed Farnsworth, group finance director, said: “L&Q’s unaudited Q3 results reflect ongoing delivery against our corporate strategy, with a continued emphasis on long-term investment in the quality of our existing homes through our £3 billion, 15-year Major Works Investment Programme and extensive building safety and inspection programme.

“This ongoing commitment to investing in our homes is reflected in our year‑on‑year performance.”&

Source: https://constructionwave.co.uk/2026/02/09/lq-1-8bn-pipeline-underpins-long-term-investment-and-operational-strategy/

Image: London & Quadrant Housing Trust