Notting Hill Genesis 2.875% - 2029: 19 February 2019

This will be the first issue from social housing provider Notting Hill Genesis, which is an exempt charity.

Notting Hill Genesis was incorporated on 3 April 2018 following an amalgamation of Notting Hill Housing Trust and Genesis Housing Association Limited which was completed on 3 April 2018. The Issuer is one of the largest housing associations in London and the south-east of England, providing homes for around 170,000 people with total stock of 65,630, 87% of which is in London. It is a member of the G15, a group of the major housing providers in London.

The valuation report set out below was prepared by Jones Lang LaSalle Limited:-

……………………………. EUV-SH / MV-ST as appropriate …………………….. …................ Total

Units ….Valued on EUV-SH basis………. Units …. Valued on MV-ST basis
No. ………….. £ ………………… ............ No. …… … .... £ ……………. .. .............................. £
373 ………. £38,800,000 ……............... 1,687 …........ £410,610,000 …… .......................... . £449.41mln


There will be a desk-top valuation annually, and a Full Valuation shall be delivered to the Trustee at least once in every period of five calendar years (beginning in 2024).


Compare/contrast: Notting Hill Housing Trust 4.375% 2054, Yarlington Treasury Services (3.41% Sep 2057)