The Guinness Partnership

The Guinness Partnership is one of the largest providers of affordable housing and care in England. Founded as a charitable trust in 1890, it is now a Community Benefit Society with eight members.[1] Bloomberg classify it as a real estate owner and developer.[2]

Guinness Trust Buildings in Snowsfields, London Borough of Southwark

As of 2018, the Partnership owns and manages around 66,000 homes with a historic cost value of £3.7 billion, and provides services to more than 140,000 people. It had financial reserves of £723 million.[3]

History

The Guinness Trust was founded in 1890 by Edward Guinness, 1st Earl of Iveagh,[4] a great grandson of the founder of the Guinness Brewery, to help homeless people in London and Dublin. He donated £200,000 to set up the Guinness Trust in London, the equivalent of £25 million in today’s money.

At the beginning of the 20th century, the Iveagh Trust based in Dublin took responsibility for Ireland. The Guinness Trust extended its objectives outside London in 1962, eventually operating in all parts of England. It was not related to the brewery company. The history of its first century was published by Peter Malpass in 1998.

In 1992, the Guinness Trust Group acquired the Parchment Group, parent company of Hermitage Housing Association.[5] The combined group is now known as The Guinness Partnership. Northern Counties Housing Association joined the Partnership in 2008.[6][7]

Structure

In 2012, the housing properties and operations of The Guinness Trust were combined with those of the other main housing divisions in the Group to form a single charitable company operating nationwide, The Guinness Partnership Limited.

The Guinness Partnership and Wulvern Housing Limited merged on 31 January 2017. Guinness Care specialises in services for over 10,000 elderly people and people with a learning disability, providing home care, supported living, care homes and schemes for retired people.[8]

The sales and marketing team is responsible for the sales of the Partnership's shared ownership and market sale properties across England. They are known as Guinness Homes and have a separate website to the Partnership's main website.[9]

See also

References
  1. "Mutuals Public Register: The Guinness Partnership Limited". mutuals.fca.org.uk. Retrieved 7 July 2019.
  2. "Guinness Partnership Ltd/The". Bloomberg. Retrieved 17 January 2020.
  3. "Annual Review 2017–18" (PDF). The Guinness Partnership. Retrieved 7 July 2019.
  4. "Our history". The Guinness Partnership. Retrieved 7 July 2019.
  5. Guinness Hermitage website, retrieved 30 April 2008
  6. "Housing trusts set for merger talks". Manchester Evening News. 21 December 2005. Retrieved 17 January 2020.
  7. Northern Counties joins The Guinness Partnership, 10 Jan 2008. Northern Counties press release. Retrieved 30 April 2008 Archived October 6, 2006, at the Wayback Machine
  8. "Care and Support".
  9. "Guinness Homes". Retrieved 7 July 2019.
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