Industry News Merger news
In the south and south-west, Radian and Yarlington announced they are discussing options for a “partnership” designed to deliver long-term benefits for residents, through the development of digital services and supporting more tenants into jobs and careers.
two-pronged approach to increase their development programmes and to improve their efficiency through cost savings. The deals are being done at all levels and come in
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a variety of formats, with terms such as strategic partnerships and full integration being used to describe the legal and administrative arrangements for joining forces. At the smaller end of the scale, two of the
country’s oldest specialist HAs for the housing of women announced they are talking to each other about a merger. If it proceeds then the new social landlord will have a combined housing stock of almost 2,000 properties across London. Women’s Pioneer Housing and Housing for
Women said their boards are examining a merger to create “greater financial and operational capacity” to offer a “stronger” service to women in the capital. The merger will allow them to deliver “high- quality” homes and give women “wider housing solutions and choices”, they added in a joint statement. Women’s Pioneer was established in 1920 and
owns around 1,000 properties across eight London boroughs while Housing for Women, was formed in the 1930s and manages over 900 homes across 10 London boroughs.
HISTORY MAKING Another deal involving one of the country’s most historic social landlords has seen Peabody take over the Kent-based stock transfer association Town and Country Housing, which was originally set up to take over the housing of Tunbridge Wells Borough Council. Town & Country Housing, which owns and
manages 9,500 homes across Kent and Sussex, is becoming a subsidiary of Peabody, which has 55,000 homes in ownership. Town & Country Housing is hoping to increase its development
he merger trend in the social housing sector shows no sign of abating as housing associations look to grow in size as part of a
programme to 800 homes a year, some 500 more than now, taking Peabody’s overall development programme to 3,300 homes per year. In a joint statement, Lord Kerslake, chair
of Peabody, and Francis Salway, chair of Town & Country Housing, said: “This move combines the strength of two organisations to deliver more much-needed affordable homes in the South East.”
PARTNERSHIP DEAL In the south and south-west, Radian and Yarlington announced they are discussing options for a “partnership” designed to deliver long-term benefits for residents, through the development of digital services and supporting more tenants into jobs and careers. Gary Orr, chief executive of Radian, joined the
organisation from Yarlington last October. If it proceeds the new organisation would have a combined housing stock of more than 36,000 properties. Radian mainly operates in Hampshire and Berkshire while Yarlington are based in Somerset. The former has plans to develop 3,500 homes by 2023, while the latter wants to build 1,500 by 2021. Mr Orr said: “We’re excited by the potential of
this partnership, and with the increased scale and reach it could give us the capacity to do so much more. We want to create an organisation that is ready
for the future, is a major contributor to addressing the housing needs of Southern and South West England, and together we can continue to provide a fantastic experience for our customers and communities.”
FULL INTEGRATION Catalyst Housing and Aldwyck Housing Group have also completed their deal, which sees Aldwyck become a subsidiary of Catalyst with the new organisation owning 32,000 homes and a plan to deliver 1,300 homes a year by 2022.
22 | HMM June/July 2019 |
www.housingmmonline.co.uk
Another deal involving one of the country’s most historic social landlords has seen Peabody take over the Kent-based stock transfer association Town and Country Housing, which was originally set up to take over the housing of Tunbridge Wells Borough Council
Ian McDermott, Chief Executive, joined Catalyst
from Aldwyck earlier this year. They plan to integrate fully over the coming months and become a dual-regional organisation, spanning London and the south-east. Richard Brown, Chair of Catalyst’s Board, said:
“I have been greatly impressed by the Aldwyck team over the last few months. I am delighted to welcome our new colleagues to the Catalyst family, and I look forward to building even stronger business together. “Beyond our geographical synergies and
business ambition, it is clear we have shared values and are similarly driven by the same social purpose to provide homes for those that need them most. This merger means we can use our combined strengths and pool our experience and resources to make faster progress in our goal to provide more homes and excellent service to our residents.
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